AMENDMENT TO CENVAT CREDIT RULES
Analysis of the amendment:
With
Notification No. 12/2013-CE(NT) dated 27.09.2013, if any capital goods
are being removed as waste or scrap, then instead of following the
reversal formula as contained in Rule 3(5 A), the manufacturer has to
reverse the amount equal to the duty leviable on the transaction value
for the sale of capital goods as waste/scarp
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