Assessee not liable to reverse CENVAT credit on amount written off as bad debts

.. held that there is no such provision in the CENVAT Credit Rules, 2004 (“the CENVAT Credit Rules”) or in the Finance Act, 1994 (“the Finance Act”) for reversal of CENVAT credit for the services provided for which no consideration for service provided is received by an assessee.

Source: a2ztaxcorp.com