Utilisation of cenvat Credit in payment of amount payable under Rule 6(3) of Cenvat Credit Rule

Utilisation of cenvat Credit in payment of amount payable under Rule 6(3) of Cenvat Credit Rule https://www.taxtmi.com/forum/issue?id=3983 Whether the 5% amount under Rule 6(3) CCR 2004 may be paid using Cenvat credit is disputed: Rule 3(4) lists permitted utilisations and omits Rule 6(3), suggesting non permissibility, while Explanation II to Rule 6(3A) and administrative guidance treat the 5% as a reversal of Cenvat credit rather than a separate duty, implying it is met by adjusting credit balances. en-us Sat, 31 Mar 2012 19:15:01 +0530 Thu, 23 Jan 2025 15:58:05 +0530 TaxTMI RSS Generator Utilisation of cenvat Credit in payment of amount payable under Rule 6(3) of Cenvat Credit Rule https://www.taxtmi.com/forum/issue?id=3983 Whether the 5% amount under Rule 6(3) CCR 2004 may be paid using Cenvat credit is disputed: Rule 3(4) lists permitted utilisations and omits Rule 6(3), suggesting non permissibility, while Explanation II to Rule 6(3A) and administrative guidance treat the 5% as a reversal of Cenvat credit rather than a separate duty, implying it is met by adjusting credit balances. Discussion-Forum Central Excise Sat, 31 Mar 2012 19:15:01 +0530 https://www.taxtmi.com/forum/issue?id=3983