Clarification on requirement of CENVAT declaration as per PN 35 dated 01.03.2011.

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....elopment Commissioners, SEZ All Export Promotion Councils/Commodity Bodies Subject: Clarification on requirement of CENVAT declaration as per PN 35 dated 01.03.2011. Representations have been received from trade and industry seeking clarifications relating to declaration prescribed under Public Notice No.35, dated 01.03.2011. Issues raised in these representations have been examined. 2. Para ....

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.... Drawback under Duty Drawback Schedule of Department of Revenue, is not admissible if facility of CENVAT credit/rebate has been availed. This is because if the CENVAT facility/rebate facility has been claimed, then central excise duty component on the inputs is already compensated. However, if basic custom duty has been paid, then same is refundable as Para 8.5 of FTP clearly prescribes "such supp....