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TMI BlogCENVAT Reversal for merchant exportX X X X Extracts X X X X X X X X Extracts X X X X ..... CENVAT Reversal for merchant export X X X X Extracts X X X X X X X X Extracts X X X X ..... sal of CENVAT under rule 6(3) of CCR, 2004 will apply for merchant exports, treating as a trading activity or can we take shelter under Rule 6(6) (v) , i.e. export under bond in terms of the provision ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s of the Central Excise Rules, 2002. Please provide your views and suportings. Thanks in advance. Reply By KASTURI SETHI: The Reply: We are talking of Pre-GST era.It is relevant to know the defini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion of merchant exporter. "Merchant Exporter means a person engaged in trading activity of exporting of goods. Merchant Exporter procures goods from the manufacturer and exports the same on his acc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ount respectively. Merchant exporter use to procure goods without payment of duty from the manufacturer and export the same without payment of duty by executing a Bond/LUT. Merchant exporter deals i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n trading activity of exporting goods. Exported goods cleared without payment of duty under bond are not to be treated as exempted goods. Such goods are to be treated as duty paid goods for the purpos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of so many export benefits not only of Cenvat Credit.
Thus in my view reversal of credit is not required. Shelter of Rule 6(6)(v) can be taken. X X X X Extracts X X X X X X X X Extracts X X X X
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