Excise implication

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..... Excise implication
Query (Issue) Started By: - madhavvan Dated:- 4-5-2009 Last Reply Date:- 5-5-2009 Central Excise
Got 1 Reply
Central Excise
CO A had manufactured equipments as per cust .....

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..... omer B's specificatinos now he has cancelled the order is Co A required to reverse cenvat credit on raw material used for manufacture of those equipment what are the excise implications as Co A will n .....

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..... ow dismantle the equipment and use it for manufacture of fresh item Reply By Surender Gupta: The Reply: It is amazing to see that you raised good queries covering various issues relating to central e .....

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..... xcise and cenvat credit. Regarding this query, as long as goods remain within the factory premises, despite the order has been cancelled and finished goods are dismantled to manufacture different item .....

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..... s, there is no need to reverse the cenvat credit availed originally. However, if the new goods, to be manufactured after dismantling the original manufactured goods, are exempt from excise duty, then .....

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..... you need to reverse the cenvat credit or apply rule 6 as the case may be.
Discussion Forum - Knowledge Sharing .....

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