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Trading goods export is considered as a exempted services
Dear Experts,
We are manufacturer cum merchant exporter, we are doing manufacturing sale and trading sale in domestic market as well as export market. whether our trading export will be treated as exempted service and cenvat to be reverse under rule 6(3) of cenvat credit rule 2004.
Please advice.
Thanks
Replies (1)
"whether our trading export will be treated as exempted service and cenvat to be reverse under rule 6(3) of cenvat credit rule 2004"
As per Rule 6(6) of Cenvat Credit Rules, 2004 "The provisions of sub-rules (1), (2), (3) and (4) shall not be applicable in case the excisable goods removed without payment of duty are -
(v) cleared for export under bond in terms of the provisions of the Central Excise Rules, 2002;
Thus, the Cenvat Credit reversal is not required to be made for Export Trading.
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