we are supplying finished goods under duty free procurement under Nofn.43/2001 CE(NT) dt. 26.06.01 vide annexure 45. Please let know if we can get refund of cenvat on raw material consumed for manufacture of these finished goods.
Refund of cenvat on raw material
Dharmender Batra
Refund of CENVAT Credit on Duty-Free Raw Materials for Export: Rule 5 and Notification No. 5/2006 Explained A query was raised regarding the refund of CENVAT on raw materials used for manufacturing finished goods supplied under duty-free procurement as per Notification No. 43/2001 CE(NT). The response clarified that this notification allows the supply of goods without excise duty payment for export purposes, subject to conditions. Once the export proof is obtained, a refund of CENVAT credit can be claimed under Rule 5, in conjunction with Notification No. 5/2006 CE(NT). (AI Summary)