Interest caluclation on cenvat if material not return within 180days, Central Excise

[Krishan Gopal]

 Dear Sir,

If material sent to job worker under  Rule 4 (5)a of Cenvat Credit Rule, 2004, and the material are not return back in factory within 180 days then we have to reverse cenvat on that material but we have reversed the cenvat after 10 months.

 Please advise: Whether interest should be calculated after 180 days or when cenvat has been taken.

 Krishan Gopal

Posts / Replies

[Naveed S]

From date of removal of inputs for job work purpose.