https://www.taxtmi.com/forum/issue?id=111465 If semi-finished goods are removed on payment of excise duty, input credit need not be reversed; for written-off raw materials, duty must be paid on the transaction value or an amount equal to the credit taken, whichever is higher. Rule 3(5B) requires reversal where inputs are fully written off in the books, so manufacturers should align book write-offs with duty payment practice and follow departmental circular guidance. en-us Mon, 06 Feb 2017 10:18:59 +0530 Thu, 23 Jan 2025 15:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111465 If semi-finished goods are removed on payment of excise duty, input credit need not be reversed; for written-off raw materials, duty must be paid on the transaction value or an amount equal to the credit taken, whichever is higher. Rule 3(5B) requires reversal where inputs are fully written off in the books, so manufacturers should align book write-offs with duty payment practice and follow departmental circular guidance. Discussion-Forum Central Excise Mon, 06 Feb 2017 10:18:59 +0530 https://www.taxtmi.com/forum/issue?id=111465