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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 .....

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emove these stock from RG-1 and how we mentioned these stocks in our ER-1 Return also.RegardsSwapneswar - Reply By KASTURI SETHI - The Reply = When any stock is written off cenvat credit taken has to be reversed. If raw material is written off, the w .....

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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 s .....

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n removal of these scrap ? Please provide me notification or circular no. As per circular No-907/272009 we need to reverse the input credit on stocks which we write-Off from books of accounts. But there is no clarity if we transfer these stocks to sc .....

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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 t .....

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need to reverse the duty ?For Example:-Our Original Purchase on inputs Value is - 10000Inputs credit on that - 1250We sale as a scrap after write off from book - 1000We paid excise duty on these scrap - 125So in above case we need to reverse the rest .....

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