Reverse of excise duty


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 October 2012 I have wrongly availed cenvat credit of one bill and shown same in the return.But i have not utilised the same.

Now, I want reverse the wrongly availed credit.So,how to show it in Return ( ER-1)??

Kindly reply..and thanks in advance.

29 October 2012 You can reverse in the column of ER-1, credit utilised for other payment.

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 October 2012 Thanks....

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 November 2012 If reverse amount is mentioned in credit
utilised for other payment..it ask for challan details..

I tried showing reverse amount in inputs goods removed as such..and in this case, it is not asking for challan..i.e. return gets validated without any error..

should i go with 2 option


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