Exempted Goods

[Pravin Deokar]

Dear Sir,

We are manufacturer of excisable as we as exempted goods, we are taking cenvat on the inputs and paying the 5% amount on the finish goods clearance. I want to know whether we have to pay the 5% amount on goods cleared for export as the the notification No.24/2010-CE (NT) dt 26.5.10 specifically exclude the exempted goods from exporting in Bond.

AI Summary

Cenvat reversal on export: exempted goods may be exported without bond and without reversal; excisable goods require bond.
Advisory responses indicate that CENVAT reversal on export sales of goods exempt from excise duty is generally not required under Rule 6(6)(v), and that Notification No.24/2010-CE(NT) contemplates export of exempted goods without furnishing a bond and without payment or reversal of duty. By contrast, excisable goods require a bond for export and one advisory cautions that Notification No.24/2010 may exclude some exempted goods, suggesting possible payment of the adjustment amount or reliance on an alternative notification.