Clarification regarding reversal of Cenvat Credit in case of trade discount -reg.

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.... (Central Board of Excise & Customs)   New Delhi, dated 17^th November 2008.  Subject: -Clarification regarding reversal of Cenvat Credit in case of trade discount -reg.               Representations have been received from trade and industry seeking clarification on the issue whether proportionate credit should b....

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....acturer. There are many judgements of Hon'ble Tribunal in this regard which have confirmed this view. 3. In view of above, it is clarified that in such cases, the entire amount of duty paid by the manufacturer, as shown in the invoice would be available as credit irrespective of the fact that subsequent to clearance of the goods, the price is reduced by way of discount or otherwise. Howeve....