CENVAT Credit Reversal: Rule 11(3) Only Applies to Inputs, Not Input Services or Capital Goods. Credit Remains Intact. (3.

CENVAT Credit Reversal: Rule 11(3) Only Applies to Inputs, Not Input Services or Capital Goods. Credit Remains Intact. (3. https://www.taxtmi.com/highlights?id=43730 Reversal of cenvat credit while claiming Exemption from duty - unutilized cenvat credit - Rule 11(3) - the provision of reversal of the credit is provided only in respect of inputs and not on input service and capital goods - the principle of ejusdem generis shall apply, accordingly, credit related to capital goods and input services shall not lapse. en-us Mon, 07 Jan 2019 12:18:30 +0530 Mon, 07 Jan 2019 12:18:30 +0530 TaxTMI RSS Generator CENVAT Credit Reversal: Rule 11(3) Only Applies to Inputs, Not Input Services or Capital Goods. Credit Remains Intact. (3. https://www.taxtmi.com/highlights?id=43730 Reversal of cenvat credit while claiming Exemption from duty - unutilized cenvat credit - Rule 11(3) - the provision of reversal of the credit is provided only in respect of inputs and not on input service and capital goods - the principle of ejusdem generis shall apply, accordingly, credit related to capital goods and input services shall not lapse. Highlights Central Excise Mon, 07 Jan 2019 12:18:30 +0530 https://www.taxtmi.com/highlights?id=43730