21 June 2011
A manufacturer of Agricultural equipments is not paying excise duty the output product being exempt. For purposes of manufacture he is paying ED on inputs can this duty be claimed as a refund as he is not passing the burden on duty on to another person.
26 June 2011
Agricultural equipments are exempted from Ex:duty.Under CCR'2002 & CCR'2004 no cenvat credit is available on inputs if such used in manufacturing 100% exempted goods. Unutilised cenvat credit available as refund only in export.