If we taken Excise credit wrong and then reverse with interest in whcih section we pay interest

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..... Dear Sir, We taken Cenvat credit wrongly when we indiantified it is wrong than we reversed with interest. the interest amount which we paid in which section we mention inER-1. Regards Swapneswar .....

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..... - Reply By KASTURI SETHI - The Reply = You may mention either Rule 14 (1)(ii) of Cenvat Credit Rules, 2004 or Section 11 AA of Central Excise Act or Section 75 of the Finance Act . If you .....

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..... mention only Rule 14 (1)(ii) of Cenvat Credit Rules, 2004 , that will also be sufficient because Rule 14 is subject to Section 11 AA of CE Act and Section 75 of the Finance Act. - Reply By M .....

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..... ahir S - The Reply = Sir, You can show interest paid under the heading -- details of other payment made --.in the ER -1 return. - If we taken Excise credit wrong and then reverse with interest in w .....

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..... hcih section we pay interest - Query Started By: - Swapneswar muduli Dated:- 8-10-2015 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert .....

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..... , personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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