https://www.taxtmi.com/forum/issue?id=2434 Rule 6 of the Cenvat Credit Rules, 2004 offers three compliance options for manufacturers producing both dutiable and exempt goods: maintain separate accounts; reverse cenvat credit proportionately for exempt clearances; or discharge a prescribed payment on the value of exempted clearances. Where separate accounts are not maintained, manufacturers may elect the payment option, debit the payment from the cenvat account to regularise input credit entitlement, and bear the resulting cost which is not shown on the excise invoice and cannot be passed to customers. en-us Mon, 06 Dec 2010 22:02:07 +0530 Thu, 23 Jan 2025 15:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2434 Rule 6 of the Cenvat Credit Rules, 2004 offers three compliance options for manufacturers producing both dutiable and exempt goods: maintain separate accounts; reverse cenvat credit proportionately for exempt clearances; or discharge a prescribed payment on the value of exempted clearances. Where separate accounts are not maintained, manufacturers may elect the payment option, debit the payment from the cenvat account to regularise input credit entitlement, and bear the resulting cost which is not shown on the excise invoice and cannot be passed to customers. Discussion-Forum Central Excise Mon, 06 Dec 2010 22:02:07 +0530 https://www.taxtmi.com/forum/issue?id=2434