Cenvat Credit on service Tax

[Dhanasekar Amaresan]

we are a manufacturer of Rubber products and also Equipment spares due to excemption we are not registered in Central excise dept. but we are purchasing dutiable material for input purposes. We are a service provider and paying service tax. My query is : Can we eligible to claim cenvat credit for adjust of Service Tax and we have import duty also.

AI Summary

Rubber Manufacturer Seeks Cenvat Credit Eligibility; Must Follow Rule 6 of Cenvat Credit Rules, 2004 for Compliance. A manufacturer of rubber products and equipment spares, not registered with the Central Excise Department due to exemptions but purchasing dutiable materials, inquired about eligibility to claim Cenvat credit to adjust service tax and import duty. A professional advised that to claim Cenvat credit, separate accounts for inventory related to exempted goods and dutiable services must be maintained. Alternatively, the manufacturer can either pay excise duty on all exempted goods at 5% or pay an equivalent amount of Cenvat credit attributable to exempted goods, as outlined in Rule 6 of the Cenvat Credit Rules, 2004.