cenvat credit
This query is : Resolved
28 July 2009
it wil b agrt help to me if anybody can help me about d cenvat provisions regarding exempted goods and services. as given in rule 6 of cc rule??????also with example.
29 July 2009
Cenvat credit is available only when the final product is dutiable. Thus no credit is available if input is going into exempted product.
There may be a situation where there is a common input (not capital goods) which is used in manufacture of both exempted & dutiable product. Rule 6 deals with this situation. The manufacturer is required to maintain separate records or reverse duty proportionately or pay an amount of 5% on exempted product.
There may be a situation where there is a common input (not capital goods) which is used in manufacture of both exempted & dutiable product. Rule 6 deals with this situation. The manufacturer is required to maintain separate records or reverse duty proportionately or pay an amount of 5% on exempted product.
29 July 2009
5% on exempted products??? i think it is 10% for goods. please check that.and tell me please
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Taxable or Tax exempt
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Goods sold but invoice not issued
- GST rate and HSN code for sale of racing horses
- Condonation . E-Verification of last year return .
- Capital gain on sale and purchase of plot
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- 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
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
