Rule 11(3)(ii) of the CENVAT credit rules
This query is : Open
Mohit Agarwal
(Querist)
13 October 2010
The query is w.r.t Rule 11(3)(ii) of the Cenvat Credit rules,2004.Do i have to reverse the CENVAT credit on inputs if my final product became exempt in 2008 onwards.The unit is a 99.99% export oreinted unit. If not then can I cliam the refund of duty paid on Inputs.
Madhukar N Hiregange
(Expert)
13 October 2010
The input credit for manufactured goods even if exempted was available till FA 2010 as per my understanding. Refund was also eligible.
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