https://www.taxtmi.com/article/detailed?id=649 Reversal of Cenvat credit is required when common inputs are used for both dutiable and exempted job-work outputs; manufacturers or job workers must maintain separate records or perform a statutory reversal calculated with reference to the value of exempted outputs. Judicial authorities have split on whether lack of sale prevents reversal and on whether contemporaneous proportionate reversal negates prior credit, while practical compliance is complicated by a multi variable reversal formula that can impose disproportionate burdens on small job workers. en-us Fri, 22 Jan 2010 13:55:21 +0530 Wed, 05 Jan 2011 17:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=649 Reversal of Cenvat credit is required when common inputs are used for both dutiable and exempted job-work outputs; manufacturers or job workers must maintain separate records or perform a statutory reversal calculated with reference to the value of exempted outputs. Judicial authorities have split on whether lack of sale prevents reversal and on whether contemporaneous proportionate reversal negates prior credit, while practical compliance is complicated by a multi variable reversal formula that can impose disproportionate burdens on small job workers. Articles Central Excise Fri, 22 Jan 2010 13:55:21 +0530 https://www.taxtmi.com/article/detailed?id=649