Cenvat utilization on capital goods

This query is : Resolved 

28 September 2016 One machinery purchased on 08.10.2015. cenvat utilized 50% on november 2015 and balance 50% utilized on april this year. Now this machinery transferred to our branch . What is the procedures of central excise ? this cenvat credit is reversed or not ?

28 September 2016 You need to reversed the cenvat credit.

29 September 2016 Thanks sir . But cenvat credit reversed fully or partly ? if filing any statutory forms under excise for transfer capital goods to our branch within same district ?


29 September 2016 Thanks sir

29 September 2016 Thanks sir

29 September 2016 Cenvat Credit originally taken on the capital goods is reduced by 2.5% for each quarter of a year or part there of from the date of taking the cenvat credit.

29 September 2016 Sir, how can show in ER1 ?

30 September 2016 Mention the amount in credit utilised in other purpose and also mention
the detail in remark of return (optional )
in ER-1




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