Remission of Excise duty on destroyed or lost finished goods and Cenvat Credit

Remission of Excise duty on destroyed or lost finished goods and Cenvat Credit https://www.taxtmi.com/news?id=118 Under Rule 21, the Commissioner may remit excise duty where goods are lost, destroyed, or unfit before removal. Sub rule 5C of Rule 3 of the Cenvat Credit Rules provides that when duty on such goods is remitted under Rule 21, the CENVAT credit taken on inputs used in their manufacture or production shall be reversed. en-us Wed, 12 Sep 2007 17:55:00 +0530 Wed, 25 Jun 2008 17:02:00 +0530 TaxTMI RSS Generator Remission of Excise duty on destroyed or lost finished goods and Cenvat Credit https://www.taxtmi.com/news?id=118 Under Rule 21, the Commissioner may remit excise duty where goods are lost, destroyed, or unfit before removal. Sub rule 5C of Rule 3 of the Cenvat Credit Rules provides that when duty on such goods is remitted under Rule 21, the CENVAT credit taken on inputs used in their manufacture or production shall be reversed. News - Wed, 12 Sep 2007 17:55:00 +0530 https://www.taxtmi.com/news?id=118