https://www.taxtmi.com/forum/issue?id=1083 Where separate accounts are not maintained, reversal of CENVAT credit may be done by maintaining separate books, applying a statutory fixed-percentage reversal of invoice value for exempted outputs, or reversing the proportionate credit attributable to inputs and input services for exempted outputs by following the proportionment procedure in the Cenvat Credit Rules; practical difficulties in segregating input services and consequences of reversal including interest are relevant to the choice. en-us Mon, 06 Apr 2009 16:49:21 +0530 Thu, 23 Jan 2025 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1083 Where separate accounts are not maintained, reversal of CENVAT credit may be done by maintaining separate books, applying a statutory fixed-percentage reversal of invoice value for exempted outputs, or reversing the proportionate credit attributable to inputs and input services for exempted outputs by following the proportionment procedure in the Cenvat Credit Rules; practical difficulties in segregating input services and consequences of reversal including interest are relevant to the choice. Discussion-Forum Central Excise Mon, 06 Apr 2009 16:49:21 +0530 https://www.taxtmi.com/forum/issue?id=1083