Rebate Claim for Deemed Export under Rule 5 of the CCR 2004

[Chetan Pawar]

Dear Sir,

Thanks for the below very useful Information.

I would like to ask, we are the Oil filed chemicals manufacturer  & supply the same  in Rajasthan under International Competitive Bidding under Central Excise Notification No.12/2012 Dt.17.03.2012 (Sr.no.336), due to this we had accumulated Cenvat Credit, can we get the rebate from Excise under rule 5 of the CCR 2004.

Please explain with all legal aspects

Regards,

Chetan Pawar

AI Summary

Manufacturer Seeks CENVAT Credit Rebate Under Rule 5; Compliance with Rule 6 and Proportional Credit Reversal Debated A manufacturer of oil field chemicals inquired about claiming a rebate for accumulated CENVAT credit under Rule 5 of the CENVAT Credit Rules, 2004, due to supplies made under International Competitive Bidding per a specific Central Excise notification. An indirect tax consultant suggested checking compliance with Rule 6 regarding the reversal of CENVAT credit on exempted goods. If credit remains after reversal, a refund from the Revenue Department might be possible. Another respondent questioned the necessity of proportional credit reversal when using indigenous inputs for manufacturing and supplying under International Competitive Bidding.