https://www.taxtmi.com/forum/issue?id=110019 Reversal of CENVAT credit on inputs and input services is required when duty on goods is remitted under Rule 3(5C); the portion of credit attributable to remitted goods must be identified and reversed. If input services cannot be specifically identified, a Cost Accountant or Chartered Accountant should compute and certify the proportionate reversal. Practical allocation may include freight, CHA and import-related charges and common services, apportioned by reference to the month of manufacture of the remitted goods, and the department ordinarily accepts such professional certification. en-us Fri, 11 Mar 2016 08:51:13 +0530 Thu, 23 Jan 2025 15:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110019 Reversal of CENVAT credit on inputs and input services is required when duty on goods is remitted under Rule 3(5C); the portion of credit attributable to remitted goods must be identified and reversed. If input services cannot be specifically identified, a Cost Accountant or Chartered Accountant should compute and certify the proportionate reversal. Practical allocation may include freight, CHA and import-related charges and common services, apportioned by reference to the month of manufacture of the remitted goods, and the department ordinarily accepts such professional certification. Discussion-Forum Central Excise Fri, 11 Mar 2016 08:51:13 +0530 https://www.taxtmi.com/forum/issue?id=110019