Non maintain of separate books of accounts 6% reversal

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Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2014 Dear Experts,

Thanks in advance for your valuable advice and solved queries.

Ours is manufacturing unit and selling excisable goods and non exciseable goods. In our industry maintaining of separate records for dutiable and non dutiable products is difficult hence we have obtained reversal of 6% cenvat on selling of non dutiable sales. under cenvat credit rule 2004 Rule 6.

Now my question is whether shall we reverse only 6% amount or 6% along with 2% educational cess and 1% sec-cess.

Please clarify. Matter little urgent.

Thanks once again

Arun Kumar Singh

Arun Kumar Singh (Expert)

12 September 2014 6% along with edu. cess and SHE cess. another option is that you do not need to pay excise duty on exempted goods if you have not taken cenvat credit for manufacturing of exempted goods and if you have taken then reverse the cenvat credit on proportionate basis. consult with any professional.

Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2014 Thank you arun sir,

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