Income from sale of carbon credit certificate is required to reversal of cenvat credit under Rule 6(3)?

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....ncome from sale of carbon credit certificate is required to reversal of cenvat credit under Rule 6(3)?<br> Query (Issue) Started By: - Vijay Chitte Dated:- 3-1-2017 Last Reply Date:- 5-1-2017 Central ....

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....Excise<br>Got 1 Reply<br>Central Excise<br>Dear Professionals, We are having a power plant & we are generating income from saling of excess carbon credit to the international market. We want to optn ....

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....cenvat credit rule 6(3) option. (Propornationate reversal of cenvat credit on monthly basis) My question is : Whether income from carbon credit certificates is required to be included, while, calcula....

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....ting total turnover under Cenvat credit rule 6(3)? As per my view such income is neither manufacture, neither service & nor a trading activity, therefore not included in the total turnover under cenv....

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....at credit rule 6(3). Pls. correct if i am wrong Thanks Reply By Rajagopalan Ranganathan: The Reply: Sir, Please clarify what are the duty paid inputs/input service are used in the sale of carbon....

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.... credit certificate. In my opinion it is a mere sale of a commodity and will attract vat only.<br> Discussion Forum - Knowledge Sharing ....