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Cenvat rules for inprocess rejections
Please advice if CENVAT availed on input materials needs to be reversed if upon some inhouse processes found rejected and can't be used further and were scraped and sold on payment of duty.
Replies (3)
Loss of inputs during the manufacturing proces, cenvat credit is availble on entire quantity of inputs.
Thanks Arunkumarji. Any relevant excise Rule to this effect? As excise HQ Preventive team is making us reverse credit for three years and interest and penalty. Thanks
you can send back to supplier by reversing input credit by making an invoice as per rule 11 of central excise rule 2002 , please refer 3(5) of cenvat credit rule-2004.
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