Sir,
our client is a manufacturer and they have crossed SSI exemption in the last year and inadvertently they have wrongly debited their applicable sales excise duty from cenvat credit as well as advise received from our own auditng authorities it will be reversable in the coming month. No show cause notice received in this regard. we will go to revese this month which amount was previosly debited. Now our doubt is, It is a correct one and if any interest will be arise. please clarify alongwith any notification is available.
CAclubindia
