Rebate Claim for Deemed Export under Rule 5 of the CCR 2004, Central Excise

[Chetan Pawar]

Dear Sir,

Thanks for the below very useful Information.

I would like to ask, we are the Oil filed chemicals manufacturer  & supply the same  in Rajasthan under International Competitive Bidding under Central Excise Notification No.12/2012 Dt.17.03.2012 (Sr.no.336), due to this we had accumulated Cenvat Credit, can we get the rebate from Excise under rule 5 of the CCR 2004.

Please explain with all legal aspects

Regards,

Chetan Pawar

Posts / Replies

[Pradeep Khatri]

Dear Chetan,

Please check whether you come under the purview of Rule 6 of the CENVAT credit Rules, 2004 for reversal of proportionate CENVAT credit on removal of exempted goods.

Further, after reversal of CENVAT credit, if any amount remain accumulated then you may get the refund from the Revenue Department.

Regards,

Team YAGAY & SUN

(Indirect Tax Consultants)

[Naveed S]

Sir,

Is proportionate reversal of credit required in terms of rule 6 of cenvat credit rules, 2004, when indigenous inputs are used in relation to manufacture and supply under International Competitive Bidding.