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Central Excise - Highlights / Catch Notes

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Reversal of Cenvat Credit - cenvat credit on common inputs - The ...


Cenvat Credit reversal on common inputs capped at actual amount per Rule 6(3A) to prevent overcharging.

May 14, 2021

Case Laws     Central Excise     AT

Reversal of Cenvat Credit - cenvat credit on common inputs - The relevant provisions and procedure nowhere requires that an assessee should pay an amount higher than that of the actual amount calculated under the procedure prescribed under Rule 6(3A) of the Cenvat Credit Rules.- AT

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