We are manufacturer,( Capital goods) our buyer insists us to dispatch material under Status holder incentive scrip. Script has been issued by DGFT and Excise duty Already Debited by them ( as per instruction of our buyer ) against such proposed dispatch. Can we treat this sale as exempted sale or duty paid sale?. Also tell us the implication of rule 6 (3) of CCR 2004.of reversal of cenvat credit under this present case.
CAclubindia
