Just a moment...

Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Refund Granted for Wrongly Paid CENVAT Credit After 10 Years of Capital Goods Use u/r 3(5) Proviso.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Reversal of cenvat credit - removal of capital goods after use - the case of the Appellant was covered under the second proviso to Rule 3(5) and not under Rule 3(5A) of CENVAT Credit Rules, 2004 -after 10 years of use of the capital goods, the amount of credit required to be reversed becomes zero - refund, of amount paid wrongly, allowed - AT....