Sale of packing material on which cenvat credit was taken

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2012 A company has purchased Boxes/Packing material on which CENVAT credit was taken.

Now, for some reason, part of that packing material is sold to some other company. My question is: Whether Excise would be leviable on this sale. I think Excise would not apply as manufacturing point is missing in this case.
Please reply

S.P.Mahanta

S.P.Mahanta (Expert)
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11 May 2012 Although packing material did not undergo manufacturing process and excise duty not leviable but cenvat credit availed on receipt have to be reversed.

Querist : Anonymous

Querist : Anonymous (Querist)

12 May 2012 Thank you so much!

Can you give the Relevant Rule or Section?

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