Can you give me cenvat credit rule 6 formula with example?
Cenvat credit rule
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Cenvat Credit Rule 6 Formula Explained: Easier Application for Sole Manufacturing or Service Activities, Complex for Both. A participant inquired about the Cenvat credit rule 6 formula, seeking an example for clarity. A respondent explained that the formula in rule 6(3A) appears complex when simultaneously applied to both manufacturing and service activities. However, if the entity is involved solely in either manufacturing or service activities, the formula becomes simpler to apply. (AI Summary)