https://www.taxtmi.com/article/detailed?id=626 CENVAT credit on goods written off must be repaid where unused inputs or capital goods written off before use are not available for manufacture; partially written down inputs that remain usable do not require reversal. Finished goods written off require either payment of excise duty or remission under Rule 21 with consequent reversal of input credit; WIP that amounts to manufacture is treated as finished goods, otherwise as inputs. Circulars and sub rule (5B) of Rule 3 attempt to fix these rules but have prompted litigation over their binding effect on assessees. en-us Tue, 05 Jan 2010 14:04:44 +0530 Wed, 05 Jan 2011 15:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=626 CENVAT credit on goods written off must be repaid where unused inputs or capital goods written off before use are not available for manufacture; partially written down inputs that remain usable do not require reversal. Finished goods written off require either payment of excise duty or remission under Rule 21 with consequent reversal of input credit; WIP that amounts to manufacture is treated as finished goods, otherwise as inputs. Circulars and sub rule (5B) of Rule 3 attempt to fix these rules but have prompted litigation over their binding effect on assessees. Articles Central Excise Tue, 05 Jan 2010 14:04:44 +0530 https://www.taxtmi.com/article/detailed?id=626