https://www.taxtmi.com/forum/issue?id=108807 Where inputs are removed as such or after partial processing, the registrant must pay an amount equal to the Cenvat credit taken on those inputs by issuing an invoice under rule 11; the excise component is effectively the credit reversed. Charging a higher selling price creates VAT and income tax consequences but does not change the excise reversal requirement. Repeated removals as such may invite departmental scrutiny as trading activity and challenge the eligibility to avail Cenvat credit. en-us Thu, 25 Jun 2015 15:54:51 +0530 Thu, 23 Jan 2025 15:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108807 Where inputs are removed as such or after partial processing, the registrant must pay an amount equal to the Cenvat credit taken on those inputs by issuing an invoice under rule 11; the excise component is effectively the credit reversed. Charging a higher selling price creates VAT and income tax consequences but does not change the excise reversal requirement. Repeated removals as such may invite departmental scrutiny as trading activity and challenge the eligibility to avail Cenvat credit. Discussion-Forum Central Excise Thu, 25 Jun 2015 15:54:51 +0530 https://www.taxtmi.com/forum/issue?id=108807