TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Manufacturers to Repay CENVAT Credit on Removed Inputs; Reclaimable if Used in Production, Section Rules Apply</h1> Manufacturers must repay CENVAT credit when inputs are removed from the factory as is, or if their value is written off in accounts. If these inputs are later used in production, credit can be reclaimed. If duty payment on goods is remitted, CENVAT credit on inputs must be reversed. Payments are due by the 5th of the following month, except March, due by the 31st. Failure to pay results in recovery actions. Amounts paid under these rules can be reclaimed as CENVAT credit, treated as if it were duty paid by the remover.
TaxTMI 
TaxTMI 
