https://www.taxtmi.com/forum/issue?id=3786 For excisable spare parts removed in the same financial year, remaining CENVAT credit may be availed if partial credit was earlier taken, and at clearance a proportionate credit reversal must be made. The excise invoice must indicate USED CAPITAL GOODS REMOVED AS SUCH, a separate file maintained for receipt and clearance for audit, and details disclosed in the monthly RT 12 return and forwarding letter; the factual classification as scrap versus removal should be clarified. en-us Mon, 06 Feb 2012 15:08:45 +0530 Thu, 23 Jan 2025 15:58:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3786 For excisable spare parts removed in the same financial year, remaining CENVAT credit may be availed if partial credit was earlier taken, and at clearance a proportionate credit reversal must be made. The excise invoice must indicate USED CAPITAL GOODS REMOVED AS SUCH, a separate file maintained for receipt and clearance for audit, and details disclosed in the monthly RT 12 return and forwarding letter; the factual classification as scrap versus removal should be clarified. Discussion-Forum VAT / Sales Tax Mon, 06 Feb 2012 15:08:45 +0530 https://www.taxtmi.com/forum/issue?id=3786