https://www.taxtmi.com/forum/issue?id=110676 Reversal of CENVAT credit is required when capital goods sent on a returnable challan for refurbishment are not received back within the period prescribed; the manufacturer must debit the CENVAT credit or otherwise pay an amount equivalent to the attributable credit and may re avail the credit when the goods are returned. Administrative commentary highlights that interest on delayed reversal and re credit is not provided under current rules but is proposed to be addressed in GST. en-us Sat, 23 Jul 2016 15:12:10 +0530 Thu, 23 Jan 2025 15:56:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110676 Reversal of CENVAT credit is required when capital goods sent on a returnable challan for refurbishment are not received back within the period prescribed; the manufacturer must debit the CENVAT credit or otherwise pay an amount equivalent to the attributable credit and may re avail the credit when the goods are returned. Administrative commentary highlights that interest on delayed reversal and re credit is not provided under current rules but is proposed to be addressed in GST. Discussion-Forum Central Excise Sat, 23 Jul 2016 15:12:10 +0530 https://www.taxtmi.com/forum/issue?id=110676