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of <h1>Finance Ministry Clarifies Section 5A(1A): No Duty Payment on Exempt Goods; CENVAT Credit Restrictions Explained.</h1> The circular from the Ministry of Finance addresses the application of Section 5A(1A) of the Central Excise Act, 1944, clarifying that manufacturers cannot opt to pay duty on fully exempted goods nor avail CENVAT credit for inputs used in such goods. If excise duty is paid on exempted goods, it cannot be considered as 'duty of excise' for CENVAT credit purposes. Any amount collected as duty must be deposited with the government, and any CENVAT credit utilized by downstream units must be recovered. The circular instructs relevant authorities to inform trade and industry of these provisions.
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