Please Help: Excise
Posted Date : 08-Feb-2012 , 02:53:22 pm | Posted By Saurabh Kapoor
Company has its captive power plant and company is selling electricity, so now whether company is reuired to reverse whole or proportionate cenvat taken on capital goods and inputs
Category : Excise | Answers : 2 | Comments : 1 | Hits : 299
Answers
Answer By: Rishabh Upadhyay
Proportionate cenvat credit needs to be reversed. Refer to a similar case law from idt where company selling naptha was required to reverse proportionate credit of cenvat.
Answer By: Mrattunjay
YES require to reversed
Comments
ca anshul heda
10-Feb-2012 , 10:19:23 amcenvet credit not allowed on selling electricity so cenvet taken on selling electricity require to reverse.