Cenvat credit
This query is : Resolved
17 December 2014
can i get credit of machinary for use of exempt good production
17 December 2014
Rule 6(1) of CCR does not allow Cenvat Credit on inputs used for manufacture of exempted goods, except in accordance with Rule 6(2), 6(3) or 6(3A) of CCR. You may follow one of the options given in those provisions. In case you cannot maintain separate books in accordance with Rule 6(2), your simpler option is to pay six per cent of the value as per Rule 6(3) of CCR.
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