Cenvat reversal under rule 3(5a)
This query is : Resolved
02 July 2014
Whether we have to reverse the CENVAT credit of custom duty availed on imported capital goods if they are removed after use. In excise we always reverse the same if excise cenvat was availed by us under rule 3(5A) of CENVAT CREDIT RULES 2004.
03 July 2014
If you have taken the cenvat credit on capital goods and want to sale after used capital goods then cenvat credit will be reverse 2.5% per quarter.
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