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Reversal of ED on Machine sent under CENVAT Credit Rule 4(5) (a) Challan

Central Excise - Started By: - Pradeep Jain - Dated:- 23-7-2016 Last Replied Date:- 11-9-2016 - Dear Sir, Our Company having a Capital Goods (machine )20 years old . The same machine has sent for refurbishment on the basis of returnable challan under .....

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neshan Kalyani - The Reply = Sir, as per Rule 4 (5) of CCR 2004 - if the inputs or capital goods, as the case may be, are not received back within the time specified under sub-clause (i) or (ii), as the case may be, by the manufacturer or the provide .....

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rer or the provider of output service may take the CENVAT credit again when the inputs or capital goods, as the case may be, are received back in the factory or in the premises of the provider of output service. Thus you need to reverse the Cenvat cr .....

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Thanks. - Reply By KASTURI SETHI - The Reply = Sir, Pl. go through Rule 4(5)(a)(ii) of Cenvat Credit Rules,2004. Period of return is two years. Also note the line for or any other purpose . - Reply By YAGAY AND SUN - The Reply = On receiving back the .....

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