Cenvat credit on capital goods by ssi

Jay Bodha (Employed) (139 Points)

29 January 2013  

Hi,

I have a query

 

whether the SSI unit has to revrse the entire Cenvat Credit i.e. even the credit on capital goods & IPS on 1st April of the year in which it opts for the SSI exemption in the excise.

 

Expecting an early reply