https://www.taxtmi.com/forum/issue?id=109106 Issue: whether reversal of Cenvat credit and payment of interest is required when inputs are returned to SSI suppliers who did not charge excise duty. One position treats credit taken as attracting interest until reversal under the amended Cenvat Credit Rules; an alternate position treats returns of defective inputs as proper reversals without constituting wrongful availment or attracting interest. Parties are advised to inform the jurisdictional range officer of the practice to evidence bona fides and mitigate dispute. en-us Thu, 03 Sep 2015 10:43:59 +0530 Thu, 23 Jan 2025 15:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109106 Issue: whether reversal of Cenvat credit and payment of interest is required when inputs are returned to SSI suppliers who did not charge excise duty. One position treats credit taken as attracting interest until reversal under the amended Cenvat Credit Rules; an alternate position treats returns of defective inputs as proper reversals without constituting wrongful availment or attracting interest. Parties are advised to inform the jurisdictional range officer of the practice to evidence bona fides and mitigate dispute. Discussion-Forum Central Excise Thu, 03 Sep 2015 10:43:59 +0530 https://www.taxtmi.com/forum/issue?id=109106