CENVAT credit on Returned BAN drugs

rutambh (.....) (217 Points)

07 March 2011  

In a gazette notification dated February 10, the Health ministry has banned Nimesulide suspension for pediatric use.

Before Gazette notification declared we cleared these product with paying excise duty to various location of Super Stockiest and Consignment Agent.

We have inform to all SS and CA for return the goods.

Can we recover  CENVAT credit on returned these goods as per CENVAT CREDIT Rules 16 and can apply for remission of Excise Duty.

Pleas e guide.