Assessee Must Reverse Cenvat Credit for Unused Machines; Used Machines Exempt from Reversal Requirement.

Assessee Must Reverse Cenvat Credit for Unused Machines; Used Machines Exempt from Reversal Requirement. https://www.taxtmi.com/highlights?id=6713 Reversal of Cenvat credit - if the machines are cleared as such the Assessee shall be liable to pay duty equal to amount of Cenvat Credit availed. The machines which are cleared after utilization cannot be treated as machines cleared as such - AT en-us Mon, 04 Feb 2013 09:09:11 +0530 Mon, 04 Feb 2013 09:09:11 +0530 TaxTMI RSS Generator Assessee Must Reverse Cenvat Credit for Unused Machines; Used Machines Exempt from Reversal Requirement. https://www.taxtmi.com/highlights?id=6713 Reversal of Cenvat credit - if the machines are cleared as such the Assessee shall be liable to pay duty equal to amount of Cenvat Credit availed. The machines which are cleared after utilization cannot be treated as machines cleared as such - AT Highlights Central Excise Mon, 04 Feb 2013 09:09:11 +0530 https://www.taxtmi.com/highlights?id=6713