Remission of duty - Reversal of Cenvat Credit - There is no ...

Reversal of Cenvat Credit on Fire-Destroyed Goods Requires Duty Remission Approval as per Rule 3(5)(c).

October 21, 2022

Case Laws Central Excise AT

Remission of duty - Reversal of Cenvat Credit - There is no dispute that the appellant is duty bound to reverse the cenvat credit on the inputs contained in finished goods which were destroyed in fire incident. However, on going through the Rule 3(5)(c) of Cenvat Credit Rules, it is absolutely clear that the reversal of the cenvat credit statutorily to be made only after the competent authority grant the remission of duty - AT

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Remission of duty - Reversal of Cenvat Credit - There is no ...

Reversal of Cenvat Credit on Fire-Destroyed Goods Requires Duty Remission Approval as per Rule 3(5)(c).

October 21, 2022

Case Laws Central Excise AT

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