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Central Excise - Highlights / Catch Notes

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Reversal of CENVAT Credit - Rule 6 of CCR - prior to 1/4/2008 ...


CENVAT Credit Reversal: 10% Requirement Changed from "Price" to "Value" of Exempted Goods Post-April 1, 2008.

November 10, 2015

Case Laws     Central Excise     AT

Reversal of CENVAT Credit - Rule 6 of CCR - prior to 1/4/2008 the 10% reversal is required to made on “price” of the goods and subsequent to 1/4/2008 it was amended and according to which 10% reversal was to be made on the “value” of the exempted goods. - AT

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