https://www.taxtmi.com/article/detailed?id=7295 Whether reversal of Cenvat credit is required where inputs shown as scrap at lesser book value are not actually written off and remain in the factory. The tribunal held that showing inputs as scrap or making a provision does not constitute an actual write off; therefore the specific reversal rule does not apply while the inputs remain on factory premises, though reversal would be required upon actual write off or removal. The GST analogue similarly requires reversal only when goods are actually written off or disposed. en-us Tue, 28 Feb 2017 11:39:35 +0530 Tue, 28 Feb 2017 11:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7295 Whether reversal of Cenvat credit is required where inputs shown as scrap at lesser book value are not actually written off and remain in the factory. The tribunal held that showing inputs as scrap or making a provision does not constitute an actual write off; therefore the specific reversal rule does not apply while the inputs remain on factory premises, though reversal would be required upon actual write off or removal. The GST analogue similarly requires reversal only when goods are actually written off or disposed. Articles Cenvat Credit Tue, 28 Feb 2017 11:39:35 +0530 https://www.taxtmi.com/article/detailed?id=7295