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Central Excise - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

CENVAT credit - Merely because the value of goods diminished in ...


CENVAT Credit Reversal Not Required for Diminished Goods Value if Usable and Available in Factory.

June 1, 2017

Case Laws     Central Excise     AT

CENVAT credit - Merely because the value of goods diminished in the books of accounts of the assessee would not by itself permit the Department to insist on reversal of the credit particularly when such goods were still available in the factory in usable condition - AT

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