9911796707
TMI BlogRefund of CENVAT creditX X X X Extracts X X X X X X X X Extracts X X X X ..... Total turnover Where,- (A) Refund amount means the maximum refund that is admissible; (B) Net CENVAT credit means total CENVAT credit availed on inputs and input services by the manufacturer or the output service provider reduced by the amount reversed in terms of sub-rule (5C) of rule 3, during the relevant period; (C) Export turnover of goods means the value of final products and intermediate products cleared during the relevant period and exported without payment of Central Excise duty under bond or letter of undertaking; (D) Export turnover of services means the value of the export service calculated in the following manner, namely:- Export turnove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax under the 2 [ Service Tax Rules, 1994 ] in respect of such tax. Explanation 1 .- For the purposes of this rule,- (1) export service means a service which is provided as per 3 [ rule 6A of the Service Tax Rules 1994 ] , whether the payment is received or not; 4 [(1A) export goods means any goods which are to be taken out of India to a place outside India] (2) relevant period means the period for which the claim is filed. Explanation 2 .- For the purposes of this rule, the value of services, shall be determined in the same manner as the value for the purposes of sub-rule (3) and (3A) of rule 6 is determined.] *************************** 1. Su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5) of section 3 of the Customs Tariff Act shall be utilised for payment of service tax on any output service. Explanation: For the purposes of this rule, the words 'output service which is exported' means the output service exported in accordance with the Export of Services Rules, 2005. ******************* Earlier it was substituted by notification no. 4/2006 CE(NT) dated 14-3-2006, before it was read as, 5. Refund of CENVAT credit.- Where any input or input service is used in the final products which is cleared for export under bond or letter of undertaking, as the case may be, or used in the intermediate products cleared for export, or used in providing output service which is exported, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
