https://www.taxtmi.com/forum/issue?id=106112 Question whether a manufacturer can avail CENVAT credit upon reacquiring a previously sold machine as an asset purchase after the customer reversed excise credit. If the machine is for in-factory use (including dismantling for parts) it may be received as an input and credit claimed, subject to input acceptance and documentation rules. If intended for resale, the transaction should be treated as a sales return and credit claimed accordingly. The note warns that returned finished goods often require clearance with duty payment equal to the credit, and dismantling/use of parts must still comply with reversal or adjustment obligations. en-us Fri, 20 Sep 2013 11:41:14 +0530 Thu, 23 Jan 2025 15:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106112 Question whether a manufacturer can avail CENVAT credit upon reacquiring a previously sold machine as an asset purchase after the customer reversed excise credit. If the machine is for in-factory use (including dismantling for parts) it may be received as an input and credit claimed, subject to input acceptance and documentation rules. If intended for resale, the transaction should be treated as a sales return and credit claimed accordingly. The note warns that returned finished goods often require clearance with duty payment equal to the credit, and dismantling/use of parts must still comply with reversal or adjustment obligations. Discussion-Forum Central Excise Fri, 20 Sep 2013 11:41:14 +0530 https://www.taxtmi.com/forum/issue?id=106112