Reversal of proportionate cenvat credit in respect of the common ...

Manufacturers can reverse proportionate CENVAT credit despite procedural lapses u/r 6(3)(ii) of CCR; lapses are condonable.

January 15, 2020

Case Laws Central Excise AT

Reversal of proportionate cenvat credit in respect of the common input used in the manufacture of exempted goods is an option duly permitted under Rule 6(3)(ii) of the CCR itself. Non-compliance with the procedure prescribed under Rule 6(3A) of the CCR does not result in the manufacturer losing his substantive right to avail the option of reversing proportionate credit, as such procedural lapse is condonable and denial of substantive right on such procedural failure is unjustified.

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Reversal of proportionate cenvat credit in respect of the common ...

Manufacturers can reverse proportionate CENVAT credit despite procedural lapses u/r 6(3)(ii) of CCR; lapses are condonable.

January 15, 2020

Case Laws Central Excise AT

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