RULE-6 AND BUDGET

hari (excise incharge) (102 Points)

16 March 2011  

SIR,

WE ARE CLEARING MATERIALS UNDER VARIOUS EXEMPTION NOTIFICATIONS  BY REVERSING 5% OF THE VALUE OF THE MATERIALS AS WE HAVE AVAILED THE CENVAT CREDIT.  I WANT TO KNOW WHETHER ANY CHANGES HAVE BEEN MAADE TO THIS RULE IN THE UNION BUDGET. WE ARE DEBITING THE AMOUNT FROM CENVAT ON THE SAME DAY OF CLEARANCE.

THANKS IN ADVANCE.

 

HARI