Reversal of CENVAT credit required where duty remission under the prescribed excise remission provision occurs. The CENVAT Credit (Eighth Amendment) Rules, 2007 insert sub rule (5C) in rule 3 of the CENVAT Credit Rules, 2004, providing that where duty on goods manufactured or produced is remitted under the excise remission provision, the CENVAT credit taken on inputs used in their manufacture or production shall be reversed.