Reversal of CENVAT Credit - for the purpose of formula under ...

CENVAT Credit Reversal: Rule 6(3A) Only Applies to Common Input Services, Excludes Exclusively Dutiable Goods Inputs (3A.

November 10, 2020

Case Laws     Central Excise     AT

Reversal of CENVAT Credit - for the purpose of formula under rule 6(3A) is only total CENVAT credit of common input service and cannot include CENVAT credit on input service exclusively used for the manufacture of dutiable goods - This position is also clear from the underlying object of the amendment made in rule 6(3A) of the Rules by Notification dated March 1, 2016, to consider only common input services and not total input service credit, for the purpose of computing the amount of reversal. - AT

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