Rule 6 of CENVAT credit rule 2004 applicability in case of trading in non-excisable goods

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..... Rule 6 of CENVAT credit rule 2004 applicability in case of trading in non-excisable goods
Query (Issue) Started By: - Yatin Bhopi Dated:- 22-4-2016 Last Reply Date:- 22-4-2016 Central Excise
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..... t 2 Replies
Central Excise
A manufacturer is also doing trading in non-excisable goods. As per recent amendment in rule 6 of CENVAT credit rules 2004. Manufacturer or Service provider shall foll .....

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..... ow any one option from either 1) pay 6%/7% or 2) pay an amount as determined under sub-rule (3A) As per Section 66D (e) Trading is the exempted service. In this case if we go for 1st option are we n .....

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..... eed to pay 6% or 7% of value? Please share your views. Reply By surya narayana: The Reply: Dear Friend, According to my remembarance ,for the purpose of Rule 6 of CCR,2004 non excisable goods also .....

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..... covered. However, since you are carrying Trading activity your are under obligation to comply with the options of Rule 6 and you have to reverse/pay 7% being the Trading is a service activity. Best .....

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..... Regards Suryanarayana Reply By Yatin Bhopi: The Reply: Thanks Sir
Discussion Forum - Knowledge Sharing .....

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