CBEC Board has issued a Notification No. 33 / 2012 - CE, Dt. 09/07/2012 for utilisation of such scrips for payment of excise duty by the license holder which exempts an assessee /manufacturer to clear capital goods under SHIS Scheme duly debited by customs officer without payment of excise duty because duty is debited in the said scrips by the buyer of capital goods or license holder.
In this context, We would like to know your expert opinion, on the applicability of Rule 6 of Cenvat Credit Rule, 2004 in this situation.
Regards,
SANTOSH SHARMA
Query on Rule 6 Cenvat Credit Rules 2004: Excise Duty Exemption for Capital Goods under SHIS Scheme. Relevant Gujarat HC Judgment Mentioned. A query was raised about the applicability of Rule 6 of the Cenvat Credit Rules, 2004, concerning the clearance of capital goods under the SHIS scheme. A notification from the CBEC Board allows for the use of specific scrips to pay excise duty, exempting the license holder from paying excise duty on capital goods cleared under the scheme. The response suggested referring to a relevant Gujarat High Court judgment, though it pertains to the SFIS scheme rather than SHIS, indicating potential applicability or insights. (AI Summary)
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