https://www.taxtmi.com/notifications?id=15077 A new rule, 57CC, mandates adjustment of input-duty credit where the same inputs are used for both dutiable and exempt final products by requiring an amount based on the price of exempt goods to be debited from specified credit accounts unless separate inventory and accounts are maintained for inputs used exclusively in exempt production; exclusions and export/sectoral provisos apply. Amendments also impose a ten percent debit on removal of inputs outside the factory with restoration of credit only on full return under specified challan cover within a prescribed period, and clarify invoicing and dealer definitions for credit eligibility. en-us Sat, 31 Aug 1996 00:00:00 +0530 Fri, 10 Jul 2009 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=15077 A new rule, 57CC, mandates adjustment of input-duty credit where the same inputs are used for both dutiable and exempt final products by requiring an amount based on the price of exempt goods to be debited from specified credit accounts unless separate inventory and accounts are maintained for inputs used exclusively in exempt production; exclusions and export/sectoral provisos apply. Amendments also impose a ten percent debit on removal of inputs outside the factory with restoration of credit only on full return under specified challan cover within a prescribed period, and clarify invoicing and dealer definitions for credit eligibility. Notifications Central Excise Sat, 31 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/notifications?id=15077