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.
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Status holder incentive script
Replies (1)
It is not a exempted sale as duty has already been debited in the SHIS Scrip.Further purchaser is also allowed cenvat credit against the debit made in the Scrip, as allowed in the notification issed in this regard. Hence, it is a duty paid sale.
RAKSHIT
09810525780
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