Reversal of cenvat credit
This query is : Resolved
16 December 2015
'A' a manufacturing company takes cenvat credit of excise duty paid on inputs purchased from other manufactures in the month in which in the invoice is received from the vendors.
When is a company eligible to take cenvat credit of such excise duty charged by the manufacturer?
Also under what circumstances cenvat credit previously claimed will have to be reversed?
When is a company eligible to take cenvat credit of such excise duty charged by the manufacturer?
Also under what circumstances cenvat credit previously claimed will have to be reversed?
19 December 2015
Yes, you can take the cenvat credit.
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