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of <h1>Clarification on Rule 6(3) of Cenvat Credit Rules: No Reversal Needed for Goods Cleared Under Duty Credit Scrip.</h1> The circular addresses the issue of reversing amounts under Rule 6(3) of the Cenvat Credit Rules, 2004 for domestic clearances under specific notifications dated 9th July 2012. It clarifies that goods cleared under these notifications, which are exempted when using a specified duty credit scrip, should not be treated as exempted goods for the purposes of Rule 6(3). The debit of duty in the scrip is considered as duty payment, thus, the payment under Rule 6(3) is not required. This clarification is intended for all relevant field formations.
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