Packing material included under def. of Inputs

[Guest]

Dear Sir,

Is Packing material included under definition of Inputs Rule 2(k) of Cenvat Credit rules 2002, w.e.f 01.04.2011, if yes then can we export only such packing material without payment of duty to Nepal under LUT, Please explain, Please give any references regarding this,Thanks and regards.

AI Summary

Packing Material as Input Under Rule 2(k) of Cenvat Credit Rules 2002: Export to Nepal Possible Without Duty Payment. A query was raised regarding whether packing material is considered an input under Rule 2(k) of the Cenvat Credit Rules 2002, effective from April 1, 2011. The question also asked if such packing material could be exported to Nepal without duty payment under a Letter of Undertaking (LUT). The response advised referring to Notification 42/2001 for the procedure, confirming that packing material can indeed be exported under bond.