Cenvat credit

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PRANAV MISHRA (Querist)
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05 March 2013 Can any one please explain to me all the provisions of Rule 6 of CCR 2004 relating to obligations of manufacturer or service provider !!! Please reply its urgent

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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07 March 2013 DEAR MISHRA JI.
THE REPLY OF YOUR QUERY IS NOT EASY TO EXPLAIN PERFECTLY ON THIS FORUM. STILL I TRY MY BEST TO REPLY YOU IN BRIEF BECAUSE I AM MUCH IMPRESSED WITH YOUR POLITENESS QUERY.
RULE 6 OF C.C.R., 2004:- When a manufacturer or provider of output service manufactures such final products or provides such output service which are chargeable to duty or tax as well as exempted goods or services and avails of CENVAT credit in respect of any inputs or input services and, then, the manufacturer or provider of output service shall maintain separate accounts for the receipt, consumption and inventory of inputs used. If it not possible, they shall pay an amount equal to six per cent of value of the exempted goods and exempted services.

For more detail, you can read above rule or can get specific advise from any legal advisor.

Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402

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