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provision for slow moving and obsolet inventroy

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2011 Hi ,
what is impact of cenvat credit ,
if provision for inventroy is done at 99% and 100%

in which case reversal of cenvat credit is applicable
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Ashok Asthana

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Ashok Asthana (Expert)
04 June 2011 In such a case cenvat credit can not be reversed.

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