TaxTMI 
TaxTMI 
Please advice whether reversal of cenvat credit in terms of Rule 6 (3) of Cenvat Credit Rules 2002 are applicable in respect of clearances made without payment of Central Excise Duty under Notification No.33/2012-CE dated 09.07.2012 against Status Hoder Incentive Scheme Duty Credit Scrip.
Reversal of Cenvat Credit supply made under Notification N.33/2012-CE dated 09.07.2012 against SHIS DUTY CREDIT SCRIP
22 Aug 2014 
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Reversal of Cenvat Credit not required for clearances under SHIS duty credit scrip per Board clarification.
Reversal of Cenvat credit under the Cenvat Credit Rules does not apply to clearances effected against Status Holder Incentive Scheme duty-credit scrips because the Board treats duty debited under such scrips as payment of duty, and therefore the Cenvat reversal mechanism is not applicable. (AI Summary)
Reversal of Cenvat credit under the Cenvat Credit Rules does not apply to clearances effected against Status Holder Incentive Scheme duty-credit scrips because the Board treats duty debited under such scrips as payment of duty, and therefore the Cenvat reversal mechanism is not applicable. (AI Summary)