We are an exporter using various input services to manufacture our products. The Final products are

[Asked by Guest]

We are an exporter using various input services to manufacture our products. The Final products are exempted from duty. We have taken the cenvat credit that we have paid by the way service tax. Now, if it is possible to refund the credit by cash.

[Surender Gupta]

If you are the exporter of finished goods which are taxable but exempt by way of notification, you have an option not to avail that exemption and avail the exemption related to export of goods. In that case, you would enjoy the refund of Cenvat Credit while availing the exemption related to export of goods.

[Madhukar N Hiregange]

The refund would be available under Rule 5 of cenvat credit rules for inputs, capital goods, input servcies used in exporting of goods.

AI Summary

Cenvat Credit refund: exporters may forego duty exemption to claim cash refund or seek refund under Rule 5.
Exporters of goods exempted by notification may elect not to avail that exemption and instead claim refund of accumulated Cenvat Credit, and refund for inputs, capital goods and input services used in export is provided under Rule 5 of the Cenvat Credit Rules.