Cenvat credit
This query is : Resolved
PRANAV MISHRA
(Querist)
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
(Expert)
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
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
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Import of Software Service.
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
