https://www.taxtmi.com/forum/issue?id=109768 A manufacturer introducing exempt sewing machine parts may either amend registration and follow the prescribed reversal under Rule 6(3)(1) or maintain separate books and identify inputs so Cenvat is not availed. If inputs are common, choose between availing credit and later reversing at the prescribed rate on exempt clearances or segregating inputs and reversing on actual basis. The chosen option must be intimated to the jurisdictional excise authorities and cannot be withdrawn for the remainder of the financial year. en-us Thu, 21 Jan 2016 17:00:46 +0530 Thu, 23 Jan 2025 15:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109768 A manufacturer introducing exempt sewing machine parts may either amend registration and follow the prescribed reversal under Rule 6(3)(1) or maintain separate books and identify inputs so Cenvat is not availed. If inputs are common, choose between availing credit and later reversing at the prescribed rate on exempt clearances or segregating inputs and reversing on actual basis. The chosen option must be intimated to the jurisdictional excise authorities and cannot be withdrawn for the remainder of the financial year. Discussion-Forum Central Excise Thu, 21 Jan 2016 17:00:46 +0530 https://www.taxtmi.com/forum/issue?id=109768