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reversal of cenvat credit

Central Excise - Started By: - S VENKAT - Dated:- 7-7-2016 Last Replied Date:- 7-7-2016 - A manufacturer imported an item which he uses in manufacture as raw material. If he issues that material to customer as replacement(under warranty), should the .....

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instead have removed it as it is. Hence the condition of input tax credit is not satisfied and therefore you are not eligible for input credit. Now that you have taken the credit you need to reverse the same. This is my view. Thanks. - Reply By KAST .....

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