Procedure of recredit of reversed cenvat

[pardeep bisht]

we have taken and utilised the cenvat credit on the invoices bearing wrong address and ECC No. same bearing the address of our second unit but Purchase order was made in our unit ,the material is received in our unit and payment made by us and the same is used in exciseable goods and cleared on the payment of duty , During the audit of our unit we have reversed the same along with interest on objection of audit party . In this regard please suggest . 1. We have received certificate from the end of supplier regaring the their clearicals error and rectify the same invoices duty signed and stamped by the party 2. What will be the procedure to take the re credit of the reversed cenvat during audit Please also provide any case law \judgement, circular regarding said issue 2.

AI Summary

Company Can Avail Corrected CENVAT Credit as Fresh Credit; Concerns About Objections Addressed A discussion on a forum addresses the issue of recrediting reversed CENVAT credit due to an error in invoice details. The original query involves a company that reversed CENVAT credit after an audit objection because the invoice had the wrong address and ECC number. The supplier has since corrected the invoice. A respondent suggests that the company can avail CENVAT credit on the corrected document as fresh credit, not as re-availment. Concerns about potential departmental objections or penalties are raised, but another respondent reassures that taking credit per rules should not cause issues.