Reversal of cenvat credit
This query is : Resolved
THYAGARAJAN
(Querist)
23 January 2016
we have disposed old machinery from the factory which was availed cenvat credit at the time of purchase. now how to calculate reversal of cenvat credit as per central excise rules.
CA. Divyansh Agarwal
(Expert)
23 January 2016
Reverse the cenvat by 2.5% each quarter or part from date of utilization of cenvat or ed on transaction value which ever is higher
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