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TMI BlogRefund of Cenvat CreditX X X X Extracts X X X X X X X X Extracts X X X X ..... Refund amount = (Export turnover of goods+ Export turnover of services) x Net CENVAT credit 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2002 , in respect of such duty; or claims rebate of service tax under the 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 rule 6A of the Service Tax Rules 1994 , whether the payment is received or not; (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.] ===================================== For conditions, safeguard and limitation prescribed by the Central Govt - see below ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turnover and total turnover of the assesse during the relevant quarter as calculated by the formula given in Rule 5. Amount calculated as per formula is the maximum amount of refund which can be admissible. 11. In case of refund claim, in respect of export of services shall be accompanied by a certificate in Annexure A-I (annex to the Notification No. 27 /2012-CE (N.T.) ), duly signed by the auditor (statutory or any other) certifying the correctness of refund claimed. 12. AC/ DC may call for such other documents to support refund claim before sanctioning the refund claim. 13. Refund may be allowed in full or part. 14. F o r more details please refer to Notification No. 27 /2012-CE (N.T.) dated 18-6-2012. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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