https://www.taxtmi.com/forum/issue?id=110772 Excess Cenvat credit should be reversed in the ER-1 return by debiting the Cenvat ledger and showing the reversal as Credit Utilised for Other Payment; the system will create an Other1 sheet to post the reversed amount against the credit account. Interest paid for the excess availment must be paid through PLA and disclosed separately in ER-1 under Details of Other Payments Made as Miscellaneous (Others) or via the Other Payments sheet option no.3. en-us Tue, 09 Aug 2016 13:37:58 +0530 Thu, 23 Jan 2025 15:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110772 Excess Cenvat credit should be reversed in the ER-1 return by debiting the Cenvat ledger and showing the reversal as Credit Utilised for Other Payment; the system will create an Other1 sheet to post the reversed amount against the credit account. Interest paid for the excess availment must be paid through PLA and disclosed separately in ER-1 under Details of Other Payments Made as Miscellaneous (Others) or via the Other Payments sheet option no.3. Discussion-Forum Central Excise Tue, 09 Aug 2016 13:37:58 +0530 https://www.taxtmi.com/forum/issue?id=110772