CENVAT Credit

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..... CENVAT Credit
Query (Issue) Started By: - RAMESH ANANTHAKRISHNAN Dated:- 12-2-2013 Last Reply Date:- 16-2-2013 Central Excise
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Central Excise
Dear Sir, We produce synthetic fi .....

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..... laments. Since the CETH for our finished product covers in both exempted and dutiable notification (i.e. 29/2004 & 30/2004) we avail CENVAT credit only to the customers who need CENVAT invoice. Also t .....

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..... he credit is availed on monthly basis based on the dutiable product sold in the particular month. Department has raised objection for this procedure and issued Notice under Rule 6(3). We were advised .....

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..... to avail credit on the entire inputs and reverse 5% of the credit whenever we clear exempted items. Kindly advise whether the department contention is right. Reply By Pradeep Khatri: The Reply: If .....

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..... you availed the CENVAT credit on the inputs which were used in the manufacturing in Dutiable and Exempted goods then, in any case, you would have to adhere the provisions of Rule 6(3) of the CENVAT c .....

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..... redit Rules, 2004 as amended from time to time. Please also check the rate of amount which needs to be reversed i.e. now 6% instead of 5%.
Discussion Forum - Knowledge Sharing .....

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