Suppose we have taken credit of Capital Goods on the receipt of the same in Factory.
Susequently a part of that Machinery has to send for Repairing/ Job works etc., whether we have to prepare the Excise gate pass for removal from factory or any other way.
05 November 2011
Under rule 4(5)(a) of CCR'2004,Capital goods can be transferred for repair/job work without cenvat credit reversal,subject to condition of return of CG within 180 days from dt:of removal.
Removal can be done on challan or excise invoice. If CG not received within specified period, proportionate credit availed to be reversed.
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