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of <h1>Manufacturers Must Pay Input Credit Amount Under Rule 11 if Opting for Exemption Based on Clearance Value or Quantity</h1> Under Rule 11 of the CCR, manufacturers opting for exemption based on clearance value or quantity in a financial year must pay an amount equal to the credit for inputs in stock or used in finished goods on that date. Any remaining credit balance will lapse and cannot be used for duty payment. Units availing SSI exemption can switch to the Cenvat scheme after surpassing the SSI limit or earlier, allowing them to claim Cenvat credit on raw materials, stock in process, and finished goods.
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