Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Manufacturers must reverse credit on inputs to qualify for exemptions under Rule 5, CENVAT Credit Rules, 2017.</h1> Rule 5 of the CENVAT Credit Rules, 2017, addresses situations where an exemption is granted on the condition that credit for duty paid on inputs is not available. If a manufacturer avails credit on such inputs, they must reverse the credit after clearing the goods and after the due date for duty payment to qualify for the exemption. This provision ensures compliance with conditions attached to exemptions while allowing manufacturers to adjust their credit claims accordingly.