https://www.taxtmi.com/forum/issue?id=3261 Rule 6 requires that inputs exclusively used in manufacture of exempted goods are ineligible for Cenvat credit. For common inputs, the manufacturer must either maintain separate accounts, pay a value-based amount for exempted clearances, or perform proportionate reversal of credit with provisional monthly and final annual adjustments. The chosen option applies to all exempted goods and cannot be withdrawn during the remainder of the financial year. en-us Mon, 08 Aug 2011 15:50:42 +0530 Thu, 23 Jan 2025 15:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3261 Rule 6 requires that inputs exclusively used in manufacture of exempted goods are ineligible for Cenvat credit. For common inputs, the manufacturer must either maintain separate accounts, pay a value-based amount for exempted clearances, or perform proportionate reversal of credit with provisional monthly and final annual adjustments. The chosen option applies to all exempted goods and cannot be withdrawn during the remainder of the financial year. Discussion-Forum Central Excise Mon, 08 Aug 2011 15:50:42 +0530 https://www.taxtmi.com/forum/issue?id=3261