TaxTMI 
TaxTMI 
Reversal of Cenvat credit
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....eversal of Cenvat credit<br> Query (Issue) Started By: - madhavvan n Dated:- 9-8-2009 Last Reply Date:- 11-8-2009 Central Excise<br>Got 1 Reply<br>Central Excise<br>a manufacturer imports inputs and c....
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....apital goods and on receipt avails cenvat credit on them of cvd and cess, and then he sends them for storage in factory premises. immediately after 2 days he exports the inputs and capital goods from ....
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....the storage area as it is free of cost, after executing a bond. is the manufacturer required to reverse the cenvat credit availed on those inputs and capital goods. Reply By Rama Krishana: The Reply:....
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.... In my belief the same may not constitute as valid export since the proof of export would not be complete without accompanying the proof the foreign realization certificate - But since the manufacture....
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....r is exporting the goods free of cost, you need to ascertain only one thing that no question on the validity of export is being raised by the department. If the export is accepted, there would not be ....
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....any requirement of reversing cenvat credit.<br> Discussion Forum - Knowledge Sharing ....