https://www.taxtmi.com/circulars?id=7849 Where the value of any input on which cenvat credit has been taken is fully written off, Rule 3(5B) requires reversal of that credit. Goods that have been manufactured attract excise duty at manufacture and the manufacturer must pay duty or reverse credit where duty is remitted under the remission mechanism; Rule 3(5C) mandates reversal when duty is remitted. WIP that amounts to manufacture receives the same treatment as finished goods; WIP not amounting to manufacture is treated as input for reversal purposes. en-us Mon, 07 Dec 2009 00:00:00 +0530 Tue, 08 Dec 2009 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7849 Where the value of any input on which cenvat credit has been taken is fully written off, Rule 3(5B) requires reversal of that credit. Goods that have been manufactured attract excise duty at manufacture and the manufacturer must pay duty or reverse credit where duty is remitted under the remission mechanism; Rule 3(5C) mandates reversal when duty is remitted. WIP that amounts to manufacture receives the same treatment as finished goods; WIP not amounting to manufacture is treated as input for reversal purposes. Circulars Central Excise Mon, 07 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7849