cenvat credit on shortage of goods
This query is : Resolved
06 December 2010
can the credit of excise need to be reversed on shortages of the raw material received?
CMA Ramesh Krishnan
(Expert)
06 December 2010
yes. while raising debit note the same credit need to be reversed
Ajay Raghatate
(Expert)
21 December 2010
Yes -
But, to avoiding the complications, you should be avail credit on ratio basis.
But, to avoiding the complications, you should be avail credit on ratio basis.
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