https://www.taxtmi.com/forum/issue?id=111092 Reversal of cenvat credit is mandatory when inputs on which credit was taken are removed as such; the manufacturer must pay an amount equal to the credit availed and effect the removal under the cover of an invoice, and removal of capital goods after use is governed by a separate provision. This duty to reverse credit applies even if the inputs are sold as waste or at a lower price, and the seller remains liable if the buyer declines to pay the duty. en-us Thu, 03 Nov 2016 17:04:55 +0530 Thu, 23 Jan 2025 15:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111092 Reversal of cenvat credit is mandatory when inputs on which credit was taken are removed as such; the manufacturer must pay an amount equal to the credit availed and effect the removal under the cover of an invoice, and removal of capital goods after use is governed by a separate provision. This duty to reverse credit applies even if the inputs are sold as waste or at a lower price, and the seller remains liable if the buyer declines to pay the duty. Discussion-Forum Central Excise Thu, 03 Nov 2016 17:04:55 +0530 https://www.taxtmi.com/forum/issue?id=111092