Credit not to be reversed when inputs shown as scrap at lesser value and not written off

Bimal Jain | Last updated: 26 August 2017

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We are sharing with you an important judgment of the Honble CESTAT, Mumbai in the case of Autoline Vs. Commissioner of Central Excise, Kolhapur [2017 (1) TMI 297 - CESTAT MUMBAI] on the following issue: Issue: Whether reversal of Cenvat credit is required on the inputs which are shown as scrap v

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Bimal Jain

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FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more

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Credit not to be reversed when inputs shown as scrap at lesser value and not written off

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