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Central Excise - Highlights / Catch Notes

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Reversal of cenvat credit while claiming Exemption from duty - ...


CENVAT Credit Reversal: Rule 11(3) Only Applies to Inputs, Not Input Services or Capital Goods. Credit Remains Intact. (3.

January 7, 2019

Case Laws     Central Excise     AT

Reversal of cenvat credit while claiming Exemption from duty - unutilized cenvat credit - Rule 11(3) - the provision of reversal of the credit is provided only in respect of inputs and not on input service and capital goods - the principle of ejusdem generis shall apply, accordingly, credit related to capital goods and input services shall not lapse.

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