Reversal of Cenvat Credit on Inputs Ensures Compliance with Tax Regulations When Benefiting from Exemptions.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Availing cenvat credit while availing benefit of exemption - The reversal of Cenvat Credit on inputs used attributable to manufacture of said goods or reversal of amount equivalent to 5%/6% of the value of said goods shall amount to not taken the credit on inputs of the said goods - AT....