DOs AND DON'Ts ON CENVAT CREDIT

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....factory premises; * Check whether the inputs/capital goods are specified under Rule 2(k) and 2(a) respectively of the Cenvat Credit Rules, 2004; * Check whether the inputs/capital goods or input services are used in or in relation to the manufacture of dutiable final products or for providing taxable service; * Reverse the credit taken on the inputs/capital goods, which are sold or removed as s....