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Export of Imported inputs

Central Excise - Started By: - Pradeep Jain - Dated:- 18-3-2016 Last Replied Date:- 19-3-2016 - Sir,We have made an import of components( Inputs) for making an engine. After some time sale of the said engine is stopped.Now , we are having of inventor .....

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aid inputs .Now our query is that at the time of export , do we need to reverse the credit of the CVD, to that extent , taken at the time of import of the said inputs.?RegardsPradeep Jain - Reply By MUKUND THAKKAR - The Reply = Rule 3(5) of Cenvat Cr .....

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required to reverse / pay an amount equal to CENVAT credit availed in respect of such raw material or machinery. The relevant text of Rule 3 (5) is reproduced below for your ready reference: (5) When inputs or capital goods, on which CENVAT credit ha .....

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such inputs or capital goods and such removal shall be made under the cover of an invoice referred to in Rule 9. If you are sales in lower price in such case you must be pay an amount equal to the credit availed. along with the CVD as well SAD amoun .....

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