https://www.taxtmi.com/forum/issue?id=110648 Liability to reverse Cenvat credit arises for by products (bagasse, press mud) where departmental audit may require proportionate reversal or duty on such by products; Circular No.1027/CE directs reversal from a stated retrospective point and is applied by the department. Board circulars are clarificatory guidance binding on departmental officers but not strictly binding on assessees, though they carry persuasive weight and influence compliance practice; taxpayers may elect litigation over administrative acceptance. en-us Sat, 16 Jul 2016 00:45:30 +0530 Thu, 23 Jan 2025 15:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110648 Liability to reverse Cenvat credit arises for by products (bagasse, press mud) where departmental audit may require proportionate reversal or duty on such by products; Circular No.1027/CE directs reversal from a stated retrospective point and is applied by the department. Board circulars are clarificatory guidance binding on departmental officers but not strictly binding on assessees, though they carry persuasive weight and influence compliance practice; taxpayers may elect litigation over administrative acceptance. Discussion-Forum Central Excise Sat, 16 Jul 2016 00:45:30 +0530 https://www.taxtmi.com/forum/issue?id=110648