Wednesday, 2 July 2014

Credit reversal to be made under Rule 3(5) for removal of capital goods to other factory producing e

Cenvat Credit : If transferee factory is engaged in making exempt goods and is not operating under Cenvat scheme, then, clearance of capital goods to such other factory would not be eligible for benefit of rule 10 and would be liable for payment of credit reversal under rule 3(5)


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