Exemption Rate of Duty, Central Excise

[RAM SHARMA]

Dear Experts,

We are manufacturing 5 to 6 product of  different rate of duty. Some of them exemption rate of duty 6% and some is 12% rate of duty. Can we take cenvat credit simultaneously and utilised for payment of duty of all product. There is any need to maintain separate record for separate product.

Thanks

Posts / Replies

[Pradeep Khatri]

No, there is no need to maintain the Separate Set of Accounts for this.