sales to eou and others-cenvat
This query is : Resolved
Myneni Hima Bindu
(Querist)
05 July 2010
a manufacturing unit is selling its products to an eou and also to others. it is taking cenvat on all inputs used for production of eou sales and also to others. is it allowable to take cenvat credit?
Arjun Chadha
(Expert)
05 July 2010
Yes, in case goods are sold to EOU, SEZ etc without charging excise duty, cenvat credit would still be available under Rule 6(6) of Cenvat Credit Rules, 2004. However, in case of exempt sales not covered under Rule 6(6), proportionate credit would have to be paid. Alternatively, 5% of the value of exempt goods would have to be paid before availing full cenvat credit.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Rent agreement of House of deceased person
- Import of Capital Machine
- Rectification under processing even after 6 months cpc portal
- Gift to nri relatives resides in usa
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- ARCA LOGIN
- 18% Rent a cab
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
