CENVAT credit adjustment permitted for disputed inputs used in exempted products, subject to payment and interest obligations. A transitional sub-rule permits manufacturers with disputes over CENVAT credit on inputs used for exempted final products for the period 1 July 2001 to 28 February 2002 to pay an amount equivalent to the attributable CENVAT credit (excluding inputs used as fuel) before or after clearance of such goods, notwithstanding other sub-rules, with an interest obligation from the due date (the fifth day of the month following clearance) until payment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
CENVAT credit adjustment permitted for disputed inputs used in exempted products, subject to payment and interest obligations.
A transitional sub-rule permits manufacturers with disputes over CENVAT credit on inputs used for exempted final products for the period 1 July 2001 to 28 February 2002 to pay an amount equivalent to the attributable CENVAT credit (excluding inputs used as fuel) before or after clearance of such goods, notwithstanding other sub-rules, with an interest obligation from the due date (the fifth day of the month following clearance) until payment.
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