Reversal of cenvat credit already taken

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eversal of cenvat credit already taken<br> Query (Issue) Started By: - Ajay Kedia Dated:- 19-1-2010 Last Reply Date:- 19-1-2010 Service Tax<br>Got 1 Reply<br>Service Tax<br>We have transported our fin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ished product to our customers godown located outside and paid transportation on behalf of our customers as mentioned in their order.We have paid service tax on the transportation value and have taken....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... CENVAT on the output serice provided by us in light of the tribunal judgement in the case of ABB Ltd.We have shown the judgement copy also eventhough AC office is asking us to reverse the credit take....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n by us against above transaction. Pls. clarify current status and present rules/decission on the issue whether we are eligible to take CENVAT or we have to reverse the entry as directed by AC Office.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Ajay Kedia Reply By Surender Gupta: The Reply: The decision of CESTAT in the case of ABB Ltd. is valid only for the relevant period i.e prior to the period 1.4.2008. You may refer to amended provisi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....on of rule 2(l) of the Cenvat Credit Rules, 2004. Outward transportation beyond the place of removal is not eligible for cenvat credit on or after 1.4.2008. But, for the period prior to 1.4.2008, you ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....are eligible for credit.<br> Discussion Forum - Knowledge Sharing ....