Procedure of selling the raw material

As per Rule 3(5) of Cenvat Credit Rules, 2004, when raw material or machinery, on which CENVAT credit has been taken, are removed as such from the factory of manufacturer or premises of service provider, then in such a case, such manufacturer or service provider is required to reverse / pay an amount equal to CENVAT credit availed in respect of such raw material or machinery. Such removal ofraw material or machinery is to be made under the cover of excise invoice