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Central Excise - Highlights / Catch Notes

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Reversal of CENVAT Credit - manufacture of dutiable as well as ...

Case Laws     Central Excise

August 28, 2023

Reversal of CENVAT Credit - manufacture of dutiable as well as exempted goods - in a case where assessee avails the Cenvat credit on common input service and the same is used for exempted as well as dutiable goods and even at a later stage the assessee reverse the proportionate credit with payment of interest, if there is any delay in reversal of such credit the demand of 10%/6%/5% shall not sustain. - AT

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