Jeevesh Mehta (Advocate- Corporate Commercial & Indirect Tax Advisory) (861 Points)
06 January 2010Deal All,
Can an assessee manufacturer take recredit of the CENVAT credit reversed?
Amir
(Learner)
(4016 Points)
Replied 06 January 2010
DEAR JEEVESH,
PLZ SPECIFY THE FACTS UNDER WHICH CREDIT WAS REVERSED..
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 11 January 2010
Yes recredit of cenvat reversed due to non receipt of materials sent to job worker is permissible on receipt of such delayed return. Similarly for goods sent for exhibition removed on payment of duty.
CAclubindia
