Excise quiry
This query is : Resolved
neelj@2000
(Querist)
12 July 2015
Final products are destroyed in fire & excise duty remitted thereon -whether cenvat credit availed on inputs used in manufacture is tobe reversed? Please replay
Arun Kumar Singh
(Expert)
13 July 2015
Rule 3(5C) of cenvat credit rules provides that if duty on final products is remitted under rule 21 of central excise, cenvat credit of duty paid on inputs and input services used in manufacture or such goods shall be reversed.
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