Status holder incentive script

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.