Re: cenvet credit of excise & service tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2013 Sir,

I am Mfg of Vitrified Tiles under CH No. 69079010,

Mfg Vitrified Tiles process as per Purchase Raw Materials.....mixing materials with binder & grinding.....spy-rings.....Body Clay...Pressing.....Heatings........polishing......packing.....finished goods.........

my question is i am mfg Finshied Goods and sales in Market with excise duty and claimed Input Goods and Input Services cenvet Credit. But i am also sales Body clay Powder without Excise Duty, hence we have received or not cenvet credit of input & service ???????????????????????????

Rajeev Kumar Garg

Rajeev Kumar Garg (Expert)
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07 March 2013 PLEASE SEE RULE 6 OF CENVAT CREDIT RULES, 2004. YOU MAY KEEP SEPARATE INVENTORY OF STOCK OF RAW MATERIALS USED FOR EXEMPTED GOODS. IF IT IS NOT POSSIBLE, DUTY SHALL BE PAID @6% ON VALUE OF EXEMPTED GOODS.
For more detail, you can read above rule or can get specific advice from any legal advisor.

Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402

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