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CENVAT Credit Apportionment: Reversing Credit for Trading Activities Before April 1, 2011, Based on Turnover Ratio.

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....CENVAT Credit - Trading activity - input services - Quantification of credit to reversed towards trading activity - period prior to 1.4.2011 - credit should be apportioned with reference to the turnover of the manufactured cars and turnover of the traded cars - AT....

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