1.suppose if finished goods is written off in the books of accounts so whether i am liable to pay excise duty.
and if i am not liable to pay excise duty then should i reverse cenvat credit taken on inputs used for finished goods.
Thanks in advance
1.suppose if finished goods is written off in the books of accounts so whether i am liable to pay excise duty.
and if i am not liable to pay excise duty then should i reverse cenvat credit taken on inputs used for finished goods.
Thanks in advance
reverse cenvat credit taken on inputs used for finished goods is correct
CAclubindia
