https://www.taxtmi.com/forum/issue?id=4788 Seller received a returned machine for which the buyer reduced basic price due to depreciation but reversed full excise duty credit; the issue is whether the seller can treat the machine as an input and avail full excise credit or classify it as goods returned for repair and claim Cenvat credit. The reply refers to the relevant provisions of the Cenvat Credit Rules, specifically Rule 3(5) and Rule 3(5A)(a) and (b), governing reversal and re availment of credit on returned capital goods. en-us Thu, 04 Oct 2012 15:12:05 +0530 Thu, 23 Jan 2025 15:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4788 Seller received a returned machine for which the buyer reduced basic price due to depreciation but reversed full excise duty credit; the issue is whether the seller can treat the machine as an input and avail full excise credit or classify it as goods returned for repair and claim Cenvat credit. The reply refers to the relevant provisions of the Cenvat Credit Rules, specifically Rule 3(5) and Rule 3(5A)(a) and (b), governing reversal and re availment of credit on returned capital goods. Discussion-Forum Central Excise Thu, 04 Oct 2012 15:12:05 +0530 https://www.taxtmi.com/forum/issue?id=4788