Supply of materials under concessional rate (6%) of Duty under notification 12/2015 srl.no.321b

[THYAGARAJAN KALYANASUNDARAM]

Dear sir,

One of my client going to supply of materials under concessional rate (6%) of Duty under notification 12/2015 srl.no.321b.

Kindly clarify my following doubts

1. whether we can avail cenvat input credit for input used for above supply?

2. any sparete register to be maintained for input or output?

3. If any other procedure to be followed

AI Summary

Concessional duty for inputs permits reduced rate for LED component manufacture when procedural rules and recordkeeping are followed.
Concessional duty applies to inputs for manufacture of LED drivers, MCPCB and LED lamps, subject to procedural compliance where use is outside the factory under the revised removal rules effective 1 4 2016. The recipient manufacturer must file required information, bond and paperwork with jurisdictional officers; suppliers may charge the concessional rate based on that information and must retain records of removals (invoice number/date, description, quantity, value and duty paid). Cenvat credit on inputs remains available.