https://www.taxtmi.com/forum/issue?id=106198 A manufacturer conducting dutiable and exempted manufacture in the same premises must disallow or reverse cenvat credit attributable to exempted goods unless separate records allocate inputs and input services; absent such records, compliance requires either payment of a prescribed value or a proportionate reversal of credit using the specified formula. For job work covered by an exemption that defers duty to the principal, clearances by the job worker without duty may be treated as deferred liability of the principal rather than unconditional exemption, affecting the application of the cenvat reversal rule. en-us Sat, 26 Oct 2013 10:45:21 +0530 Thu, 23 Jan 2025 15:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106198 A manufacturer conducting dutiable and exempted manufacture in the same premises must disallow or reverse cenvat credit attributable to exempted goods unless separate records allocate inputs and input services; absent such records, compliance requires either payment of a prescribed value or a proportionate reversal of credit using the specified formula. For job work covered by an exemption that defers duty to the principal, clearances by the job worker without duty may be treated as deferred liability of the principal rather than unconditional exemption, affecting the application of the cenvat reversal rule. Discussion-Forum Service Tax Sat, 26 Oct 2013 10:45:21 +0530 https://www.taxtmi.com/forum/issue?id=106198