Assessee's entire credit reversed if duties paid exceed Rs. 100; no need to separately reverse SAD.

Assessee's entire credit reversed if duties paid exceed Rs. 100; no need to separately reverse SAD. https://www.taxtmi.com/highlights?id=26408 If the cumulative credit in respect of all the duties is to the extent of ₹ 100 and if an asseessee has paid ₹ 120/- at the time of clearance of such inputs, it can be safely concluded that the entire credit stands reversed by him. There cannot be any further requirement of reversal of SAD component separately. - AT en-us Tue, 15 Dec 2015 09:13:54 +0530 Tue, 15 Dec 2015 09:13:54 +0530 TaxTMI RSS Generator Assessee's entire credit reversed if duties paid exceed Rs. 100; no need to separately reverse SAD. https://www.taxtmi.com/highlights?id=26408 If the cumulative credit in respect of all the duties is to the extent of ₹ 100 and if an asseessee has paid ₹ 120/- at the time of clearance of such inputs, it can be safely concluded that the entire credit stands reversed by him. There cannot be any further requirement of reversal of SAD component separately. - AT Highlights Central Excise Tue, 15 Dec 2015 09:13:54 +0530 https://www.taxtmi.com/highlights?id=26408