10 June 2015
There is 3 way is available if you are manufacturing excisable goods and exempted goods. 1. you can pay 6& duty on the exempted goods and take cenvat credit on all inputs and input services. 2. You need to maintain seperate books of account for both products. 3. You can take the cenvat credit on proporsanate way. if you have any doubt then consult with any professional.