REVERSAL OF 6% DUTY REGARDING.

[SANJEEV JADHAV]

Dear Sirs, As per Serial No. 233 (1) of Notification No. 12/2012 - CE dated 17.03.2012, condition No. 23, we have received certificate from Collector & District Magistrate Khordha. As per column 4 in said notification, duty is Nil. Please confirm whether we have to reverse 6% cenvat credit on value, as we are unable to maintain separate record.

AI Summary

Reversal of 6% CENVAT credit required for exempt goods unless covered by Rule 6(6) exemptions like SEZ supplies. A query was raised regarding the reversal of a 6% CENVAT credit under Notification No. 12/2012 - CE, specifically for goods exempt from duty. The discussion involved multiple contributors who confirmed that reversal is necessary unless the goods fall under specific exemptions listed in Rule 6(6) of the CENVAT Credit Rules, 2004. These exemptions include goods supplied to special economic zones, export-oriented undertakings, or for certain international or government projects. The consensus was that if the goods are for a water treatment plant, a 6% reversal is required. The discussion concluded with appreciation for the shared insights.