TMI BlogExcise implicationX X X X Extracts X X X X X X X X Extracts X X X X ..... CO A had manufactured equipments as per customer 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 wha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t are the excise implications as Co A will now 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 quer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies covering various issues relating to central excise and cenvat credit. Regarding this query, as long as goods remain within the factory premises, despite the order has been cancelled and finished g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oods are dismantled to manufacture different items, there is no need to reverse the cenvat credit availed originally. However, if the new goods, to be manufactured after dismantling the original manuf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... actured goods, are exempt from excise duty, then you need to reverse the cenvat credit or apply rule 6 as the case may be. - Excise implication - Query Started By: - madhavvan Dated:- 4-5-2009 Centra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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