ED CREDIT ON CAPITAL GOODS FIRE
This query is : Resolved
22 July 2009
We received one capital equipment on which cenvat credit taken. But due to fire accident that equipment totaly fired. Now we filed a Insurance claim for the same. Now the question is are we need to reverse cenvat credit?.
Please clarify the same with central excise provisions.
regards
K.MASTHAN BAVA
ZUARI CEMENT LTD
We received one capital equipment on which cenvat credit taken. But due to fire accident that equipment totaly fired. Now we filed a Insurance claim for the same. Now the question is are we need to reverse cenvat credit?.
Please clarify the same with central excise provisions.
regards
K.MASTHAN BAVA
ZUARI CEMENT LTD
24 July 2009
If the CED is also being claimed then the credit may have tobe reversed as it would otherwsie amount to unjust enrichment
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Goods sold but invoice not issued
- GST rate and HSN code for sale of racing horses
- Condonation . E-Verification of last year return .
- Capital gain on sale and purchase of plot
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
