Obligation of the manufacturer of dutiable and exempted goods and provider of taxable and exempted services (Rule 6 of the CCR):

Obligation of the manufacturer of dutiable and exempted goods and provider of taxable and exempted services (Rule 6 of the CCR): https://www.taxtmi.com/manuals?id=739 Where Cenvat credit is availed on inputs or input services used both for dutiable and exempted supplies, separate accounts of receipt, consumption and inventory must be maintained and credit taken only for quantities used in dutiable manufacture or taxable services. If separate accounts are not maintained, the supplier must either pay a prescribed percentage of the value of exempted clearances or pay an amount equivalent to the Cenvat credit attributable to such inputs and input services under the apportionment procedures. Specific categories of exempted clearances are excluded from these obligations. en-us Sun, 22 Jul 2012 12:03:00 +0530 Sun, 22 Jul 2012 12:03:00 +0530 TaxTMI RSS Generator Obligation of the manufacturer of dutiable and exempted goods and provider of taxable and exempted services (Rule 6 of the CCR): https://www.taxtmi.com/manuals?id=739 Where Cenvat credit is availed on inputs or input services used both for dutiable and exempted supplies, separate accounts of receipt, consumption and inventory must be maintained and credit taken only for quantities used in dutiable manufacture or taxable services. If separate accounts are not maintained, the supplier must either pay a prescribed percentage of the value of exempted clearances or pay an amount equivalent to the Cenvat credit attributable to such inputs and input services under the apportionment procedures. Specific categories of exempted clearances are excluded from these obligations. Manuals Central Excise Sun, 22 Jul 2012 12:03:00 +0530 https://www.taxtmi.com/manuals?id=739