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Reversal of cenvat credit

This query is : Resolved 

16 December 2015 'A' a manufacturing company takes cenvat credit of excise duty paid on inputs purchased from other manufactures in the month in which in the invoice is received from the vendors.
When is a company eligible to take cenvat credit of such excise duty charged by the manufacturer?
Also under what circumstances cenvat credit previously claimed will have to be reversed?

19 December 2015 Yes, you can take the cenvat credit.



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