Cenvat Credit eligibility and reversal rules govern utilisation, removal as such, depreciation adjustments and write off consequences. Types of duties and taxes eligible for Cenvat Credit include central duties, cesses and CVD/SAD on inputs, input services and capital goods; credit extends to inputs in stock, in process or in final products when an assessee commences duty liability. Utilisation is permitted without one to one nexus. Removal as such requires payment equal to credit with stated exceptions; adjusted payment is prescribed on removal of used capital goods after depreciation; provisions cover write off, remission reversals and credit eligibility to recipients.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cenvat Credit eligibility and reversal rules govern utilisation, removal as such, depreciation adjustments and write off consequences.
Types of duties and taxes eligible for Cenvat Credit include central duties, cesses and CVD/SAD on inputs, input services and capital goods; credit extends to inputs in stock, in process or in final products when an assessee commences duty liability. Utilisation is permitted without one to one nexus. Removal as such requires payment equal to credit with stated exceptions; adjusted payment is prescribed on removal of used capital goods after depreciation; provisions cover write off, remission reversals and credit eligibility to recipients.
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