Cenvat Credit reversal on common inputs capped at actual amount per Rule 6(3A) to prevent overcharging.

Cenvat Credit reversal on common inputs capped at actual amount per Rule 6(3A) to prevent overcharging. https://www.taxtmi.com/highlights?id=57964 Reversal of Cenvat Credit - cenvat credit on common inputs - The relevant provisions and procedure nowhere requires that an assessee should pay an amount higher than that of the actual amount calculated under the procedure prescribed under Rule 6(3A) of the Cenvat Credit Rules.- AT en-us Fri, 14 May 2021 12:02:59 +0530 Fri, 14 May 2021 12:02:59 +0530 TaxTMI RSS Generator Cenvat Credit reversal on common inputs capped at actual amount per Rule 6(3A) to prevent overcharging. https://www.taxtmi.com/highlights?id=57964 Reversal of Cenvat Credit - cenvat credit on common inputs - The relevant provisions and procedure nowhere requires that an assessee should pay an amount higher than that of the actual amount calculated under the procedure prescribed under Rule 6(3A) of the Cenvat Credit Rules.- AT Highlights Central Excise Fri, 14 May 2021 12:02:59 +0530 https://www.taxtmi.com/highlights?id=57964