Cenvat credit rule 6
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 March 2015
If Cenvat credit is taken on input capital goods in event of manufacturing of both exempted and dutiable goods, and if only one set of record is being maintained : how the reversal of such credit taken has to be done? Is it to be done on basis of quantity or value of the finished goods?
ANIL JANGID
(Expert)
12 March 2015
at the end of financial yr you calculate exempted goods value n duty n service and reverse accordingly.
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