Reversing Cenvat credit on input services before use equals not taking it, allowing full 14.8% duty drawback.

Reversing Cenvat credit on input services before use equals not taking it, allowing full 14.8% duty drawback. https://www.taxtmi.com/highlights?id=24787 Duty drawback – Reversal of Cenvat credit, taken on input services, before utilization amounts to non-taking of credit that such reversal can be done subsequent to export of goods - drawback allowed @14.8 without reducing 3% - CGOVT en-us Thu, 17 Sep 2015 10:47:41 +0530 Thu, 17 Sep 2015 10:47:41 +0530 TaxTMI RSS Generator Reversing Cenvat credit on input services before use equals not taking it, allowing full 14.8% duty drawback. https://www.taxtmi.com/highlights?id=24787 Duty drawback – Reversal of Cenvat credit, taken on input services, before utilization amounts to non-taking of credit that such reversal can be done subsequent to export of goods - drawback allowed @14.8 without reducing 3% - CGOVT Highlights Customs Thu, 17 Sep 2015 10:47:41 +0530 https://www.taxtmi.com/highlights?id=24787