Recovery of 'amounts' which are not duly paid under the provisions of rule 6 of the CENVAT Credit Rules, 2001 (Rule 57CC of the erstwhile Central Excise Rules. 1944) -clarification regarding.
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
CENVAT credit ineligibility leads to recovery when inputs fund exempted goods without required compliance under recovery provisions. Rule 6(1) disallows CENVAT credit on inputs used in manufacture of exempted goods unless the manufacturer complies with Rule 6(2) or (3) by maintaining separate accounts or following the specified adjustment/payment method; failure to do so renders any credit availed on such inputs incorrect and subject to recovery under Rule 12.
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 ineligibility leads to recovery when inputs fund exempted goods without required compliance under recovery provisions.
Rule 6(1) disallows CENVAT credit on inputs used in manufacture of exempted goods unless the manufacturer complies with Rule 6(2) or (3) by maintaining separate accounts or following the specified adjustment/payment method; failure to do so renders any credit availed on such inputs incorrect and subject to recovery under Rule 12.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
