https://www.taxtmi.com/article/detailed?id=7516 Rule 8 requires manufacturers to pay back CENVAT credit attributable to exempted goods: inputs exclusively used for exempted final products are ineligible and must be paid; mixed manufacturers must either follow a presumptive payment option or the Rule 8(4) attribution procedure that notifies authorities, segregates credits into ineligible, eligible and common portions, apportions common credit by relative value of exempted versus non-exempted removals, pays provisional monthly amounts with interest on defaults, and completes an annual reconciliation with reporting. en-us Thu, 20 Jul 2017 07:31:12 +0530 Thu, 20 Jul 2017 07:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7516 Rule 8 requires manufacturers to pay back CENVAT credit attributable to exempted goods: inputs exclusively used for exempted final products are ineligible and must be paid; mixed manufacturers must either follow a presumptive payment option or the Rule 8(4) attribution procedure that notifies authorities, segregates credits into ineligible, eligible and common portions, apportions common credit by relative value of exempted versus non-exempted removals, pays provisional monthly amounts with interest on defaults, and completes an annual reconciliation with reporting. Articles Cenvat Credit Thu, 20 Jul 2017 07:31:12 +0530 https://www.taxtmi.com/article/detailed?id=7516