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cenvat credit on shortage of goods

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(Querist)
06 December 2010 can the credit of excise need to be reversed on shortages of the raw material received?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 December 2010 yes. while raising debit note the same credit need to be reversed
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Ajay Raghatate

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Ajay Raghatate (Expert)
21 December 2010 Yes -
But, to avoiding the complications, you should be avail credit on ratio basis.
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