https://www.taxtmi.com/forum/issue?id=107324 Where Rule 6(6)(vii) conditions are not satisfied because the supply was not exempt from import duties, the supplier must reverse proportionate Cenvat credit or pay the prescribed excise-rule amount; the reversed amount may attract VAT if it is regarded as a statutory levy under state VAT law. Lack of separate records under the relevant accounting rule was identified as a compliance issue affecting reversal and assessment. en-us Sat, 13 Sep 2014 09:42:31 +0530 Thu, 23 Jan 2025 15:57:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107324 Where Rule 6(6)(vii) conditions are not satisfied because the supply was not exempt from import duties, the supplier must reverse proportionate Cenvat credit or pay the prescribed excise-rule amount; the reversed amount may attract VAT if it is regarded as a statutory levy under state VAT law. Lack of separate records under the relevant accounting rule was identified as a compliance issue affecting reversal and assessment. Discussion-Forum Central Excise Sat, 13 Sep 2014 09:42:31 +0530 https://www.taxtmi.com/forum/issue?id=107324