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Cenvat revarsal

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(Querist)
10 August 2014 FG &RM were fully written off from books of account due to find shortage at the time of physical verification. whether require to reverse CENVAT credit on RM and also require to pay duty on FG?
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CA Harshit Rastogi

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CA Harshit Rastogi (Expert)
12 August 2014 Yes.. CENVAT is to be reversed and Duty has to be pay on FG
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Rupesh Jain

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Rupesh Jain (Expert)
12 August 2014 you have to reverse the canvat of short goods
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