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TaxTMI 
Cenvat cedit reversal under rule 6 of CCR 2004/trading reversal
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....envat cedit reversal under rule 6 of CCR 2004/trading reversal<br> Query (Issue) Started By: - Yatin Bhopi Dated:- 18-2-2013 Last Reply Date:- 23-2-2013 Central Excise<br>Got 1 Reply<br>Central Excise....
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....<br>Dear all We are manufacture and also doing trading activity from same premise, below are my queries related to reversal of cenvat credit under rule 6 of CCR, 2004,. * Is we need to reverse this....
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.... amount before 5th of succeeding sale, If we opt for option to pay @ 6% (rule (ii) 6) i.e. sale price -Cost of goods sold or 10% of cost of goods sold whichever is higher. * Is this rules applies In....
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.... case of goods cleared as such (sale) * If yes then in case of inter unit transfer (not sale) of raw material what will be situation? * What will be interest rate if we not pay this amount in due ....
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....date (rate mentioned in rule 6 is 24% * If we reverse the proportionate cenvat credit as per below eg. Is it correct? Total sale = 10,00,000/- (Normal sale + trading sale) Trading sale 1,50,000/- T....
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....otal input credit 75000/- Reversal amount will be 150000/1000000X75000 = 11250/- Please guide Reply By Pradeep Khatri: The Reply: Trading is exempted activity. In the event of availment of cenvat ....
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....credit on such activities, there will be a requirement to reverse the proportionate CENVAT credit or payment of an amount. Non payment will attract statutory interest and penal actions.<br> Discussio....
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