22 December 2012
Our company have a factory, registered in excise, manufacturing product covered in N/N 1/2011 i.e. non cenvatable item due to paying 2% rate of duty. We want to start trading of an item covered under chapter 26. We will not receive canvatable invoice neither will issue cenvatable invoice for the new item. Now i want to confirm that whether we will have to maintain seprate book of account or not as we do not avail cenvat on RAW Material for both the item? we will have to intimate to department or not? whether we can use seprate invoice book for both the item? plz reply
24 December 2012
Thanks for replying sir, can you please refer me under which section/ rule it is required as for rule 6(1),there was dispute for CENVAT credit, but for our both the activity, cenvat is not allowed?
CAclubindia
