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    <title>Cenvat Credit on Deemed Export</title>
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    <description>Rule 6(6)(vii) Cenvat Credit Rules, 2004 provides that where excisable goods removed without payment of duty are similar to goods which, if imported, would be exempt from customs duties and are supplied against International Competitive Bidding, sub rules (1)-(4) of Rule 6 do not apply. Consequently, Cenvat credit on inputs and input services used in manufacture of goods supplied against ICB is not to be denied, and such ICB supplies are not treated as exempted excisable goods for the purpose of those adjustment provisions.</description>
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    <pubDate>Mon, 22 Aug 2016 11:48:18 +0530</pubDate>
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      <title>Cenvat Credit on Deemed Export</title>
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      <description>Rule 6(6)(vii) Cenvat Credit Rules, 2004 provides that where excisable goods removed without payment of duty are similar to goods which, if imported, would be exempt from customs duties and are supplied against International Competitive Bidding, sub rules (1)-(4) of Rule 6 do not apply. Consequently, Cenvat credit on inputs and input services used in manufacture of goods supplied against ICB is not to be denied, and such ICB supplies are not treated as exempted excisable goods for the purpose of those adjustment provisions.</description>
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      <law>Central Excise</law>
      <pubDate>Mon, 22 Aug 2016 11:48:18 +0530</pubDate>
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