CENVAT credit adjustment: manufacturers with mixed taxable and exempt outputs may discharge disputed input-credit liability with interest. Where a dispute pending on enactment concerns CENVAT credit attributable to inputs or input services used for exempted final products for the period 10th September, 2004 to 31st March, 2008, a manufacturer who availed such credit for inputs or input services used in making both dutiable and exempted goods may pay an amount equivalent to the credit attributable to the exempted goods before or after clearance; interest at twenty-four per cent per annum is payable from the defined 'due date' (the fifth day of the month after 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: manufacturers with mixed taxable and exempt outputs may discharge disputed input-credit liability with interest.
Where a dispute pending on enactment concerns CENVAT credit attributable to inputs or input services used for exempted final products for the period 10th September, 2004 to 31st March, 2008, a manufacturer who availed such credit for inputs or input services used in making both dutiable and exempted goods may pay an amount equivalent to the credit attributable to the exempted goods before or after clearance; interest at twenty-four per cent per annum is payable from the defined "due date" (the fifth day of the month after clearance) until payment.
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