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Central Excise - Highlights / Catch Notes

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CENVAT Credit - write off of inputs - It can be argued only on ...


Can Accounting Standards Justify CENVAT Credit Write-Offs Without Triggering Rule 3(5B) Compliance?

May 17, 2019

Case Laws     Central Excise     AT

CENVAT Credit - write off of inputs - It can be argued only on the basis of accounting standards that the impugned goods are written off. Therefore, the provisions of Rule 3(5B) of CENVAT Credit Rules, 2004 are not attracted.

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