https://www.taxtmi.com/acts?id=244 Cenvat credit is disallowed for inputs and input services used for manufacture or clearance of exempted goods or provision of exempted services; manufacturers or providers must either pay a presumptive amount based on exempted output value, follow a prescribed attribution procedure to segregate exclusive and common credits and pay the ineligible portion, or maintain separate accounts in specified cases. Provisional monthly payments, annual reconciliation, interest on shortfalls, exclusions for specified supplies, reporting to the Superintendent and statutory recovery mechanisms are mandated. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 03 Feb 2017 16:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=244 Cenvat credit is disallowed for inputs and input services used for manufacture or clearance of exempted goods or provision of exempted services; manufacturers or providers must either pay a presumptive amount based on exempted output value, follow a prescribed attribution procedure to segregate exclusive and common credits and pay the ineligible portion, or maintain separate accounts in specified cases. Provisional monthly payments, annual reconciliation, interest on shortfalls, exclusions for specified supplies, reporting to the Superintendent and statutory recovery mechanisms are mandated. Act-Rules Central Excise Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=244