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Remission of duty -reversal of credit on inputs & Input services - reg

Central Excise - Started By: - vinay wakde - Dated:- 11-3-2016 Last Replied Date:- 15-3-2016 - As per Rule 3(5C) of the CCR, 2004 as amended, it is required to reverse the CENVAT credit availed on inputs as well as on input services which are used in the manufacture or production of goods where the duty is ordered to be remitted under Rule 21 of the Central Excise Rules,2002. We have calculated duty to be reversed on inputs, based on quantity consumed in the manufacture of finished goods but we .....

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epts such certificate. In this context, Board's Circular No. 120/01/2010-S.T., dated 19-1-2010 refers. Though this circular pertains to refund claim, yet it is relevant to solve your problem. - Reply By surya narayana - The Reply = Dear Mr. Vinay,I concur with the views expressed by shri. Kasturi Swethi Ji.The requirement of reversal of proportionate credit taken on input services is included from 2014 only.The term is very specific about reversal of proportionate credit of input services us .....

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