Cenvat Credit on job work requires return of inputs and reversal if not returned within prescribed periods. The document sets out that Cenvat Credit for job work applies where inputs or capital goods on which credit was availed are sent to a job worker for processing, testing, repair, manufacture of intermediate goods or other purposes; such removals require proper documentation and records. Inputs must be returned within the prescribed short term period and capital goods within the prescribed long term period, failing which the Cenvat Credit must be reversed, and jigs, fixtures, moulds and dies sent by manufacturers are excepted from the return periods.
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 on job work requires return of inputs and reversal if not returned within prescribed periods.
The document sets out that Cenvat Credit for job work applies where inputs or capital goods on which credit was availed are sent to a job worker for processing, testing, repair, manufacture of intermediate goods or other purposes; such removals require proper documentation and records. Inputs must be returned within the prescribed short term period and capital goods within the prescribed long term period, failing which the Cenvat Credit must be reversed, and jigs, fixtures, moulds and dies sent by manufacturers are excepted from the return periods.
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