Dear Experts,
I need notification no. for the amendments made in the Cenvat credit rules 6 in the year 2010 finance act retrospectively.
The issue is related to 'maintenance of separate books when sales made to the dutiable goods and exempted goods.
Please provide rule position as on 2010 and after amendment.
Thanking you all for your support.
Regards
Srinivas
Cenvat Credit Rule 6 Amendments: No Separate Notification Needed; Retrospective Changes Effective via Finance Act 2010, Section 73. A query was raised regarding the notification number for amendments to the Cenvat Credit Rules 6 under the 2010 Finance Act, specifically about maintaining separate books for dutiable and exempted goods. An expert suggested referring to Notification No. 3/2011 CE(NT) effective from April 1, 2011. Another expert explained that no separate notification was needed as Rule 6 was retrospectively amended from September 10, 2004, via Section 73 of the Finance Act, 2010. This amendment included a new sub-rule allowing manufacturers to adjust credit for inputs used in exempted goods, with specific conditions on interest payments. (AI Summary)
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