We have Cleared Excisable Goods against Notification No. 12/2012 C.E. (Serial No. 339) to Megha Power Project Expansion Unit under a NIL rate of Excise Duty. We have taken the Cenvat Credit on our Inputs.
Weather we have to reverse the Input amount with 7% or not??
Thanks
see rule 6(6) of the cenvat credit rules
raksh*t
09810525780
AS SUPPLY UNDER 12/2012 DO FALL WITHIN THE EXCEPTION OF RULE 6 OF CCR,NO REVERSAL IS REQUIRED.
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