https://www.taxtmi.com/manuals?id=734 A manufacturer opting for exemption based on annual clearances must pay an amount equal to the credit for inputs in stock or contained in finished goods on the effective date, with any remaining credit balance lapsing and unavailable for duty payment. A unit availing SSI exemption may switch to the Cenvat scheme after crossing the SSI limit or earlier and, upon switching, may take Cenvat credit on raw material stocks, stock in process and inputs contained in finished goods. en-us Sun, 22 Jul 2012 12:02:00 +0530 Sun, 22 Jul 2012 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=734 A manufacturer opting for exemption based on annual clearances must pay an amount equal to the credit for inputs in stock or contained in finished goods on the effective date, with any remaining credit balance lapsing and unavailable for duty payment. A unit availing SSI exemption may switch to the Cenvat scheme after crossing the SSI limit or earlier and, upon switching, may take Cenvat credit on raw material stocks, stock in process and inputs contained in finished goods. Manuals Central Excise Sun, 22 Jul 2012 12:02:00 +0530 https://www.taxtmi.com/manuals?id=734