Reversal of CENVAT Credit on inputs return as such

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....eversal of CENVAT Credit on inputs return as such<br> Query (Issue) Started By: - Pradeep Jain Dated:- 9-3-2015 Last Reply Date:- 9-3-2015 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear Sir....

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...., Rate of Excise Duty has been changed w.e.f. 01.03.15 . ED now is 12.5&#37; in place of 12&#37; and Edu. Cess and SHE Cess has no more. Now in case of return of goods as such to supplier Excise duty....

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.... is payable equal to CENVAT Credit taken , now in this case at what rate the amount of CENVAT credit would be reversed. Regards Pradeep Jain Reply By MUKUND THAKKAR: The Reply: Dear pradeep, When....

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.... you cleared INPUT AS SUCH. you should reversed an amount equal to the Cenvat credit taken. you are not paying any duty. just reversed amount . please add 2&#37; and 1&#37; as and when cleared as suc....

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....h. Reply By Naveed S: The Reply: Sir, Till any clarification is provided, you can reverse whatever u feel is appropriate. I agree with above views, as duty is not paid, BUT only CENVAT credit ava....

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....iled is being reversed.<br> Discussion Forum - Knowledge Sharing ....