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waht id the treatment of cenvat credit when stock is write off from the Book

Central Excise - Started By: - Swapneswar muduli - Dated:- 1-4-2016 Last Replied Date:- 5-4-2016 - Dear Sir,We are a manufacturer and we written of some Rm, SFG & FG due to non moving stock from long times physically we have transfer these stocks to scrap and when we will sale these scrap we paid the duty on transaction value.So can any one clarify me what is the Cenvat Credit treatment on that write off RM, SFG & FG.Some FG which we declared in RG-1 as a stock on that case also how we r .....

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ountant's certificate.If you have cleared RM as scrap and paid duty on that scrap, no reversal is required. Scrap is also a final product. - Reply By Swapneswar muduli - The Reply = Tank you Sethi Sir, Yes we have transfer these RM & SFG to scrap and these scrap we will cleared from Factory with payment of duty. I s there any notification or circular regarding non reversal of input credit in write-Off the stock from Books and transfer to these stock to scrap after that we will pay duty o .....

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Bonded Store room where finished goods were used to be stored. Scrap can be stored anywhere in the factory premises without any legal hurdle. - Reply By Swapneswar muduli - The Reply = Dear Sethi Sir,Thanks for your reply..But i want to know if we transfer these stocks to scrap and we remove these scraps with payment of duty when we will sale it.In this case should we need to reverse Input on these stock which we write off from books of accounts and transfer to scarp ?If yes on which amount we .....

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