Cenvat credit reversal on non excisable intermidiary goods
This query is : Resolved
15 August 2013
Dear Experts
we are accountant of Manufaturing company product is vitrified ceramic tiles, its intermidiary product is ceramic body clay
hence my question is we are sold ceramic body clay but not reversal cenvat crdit in use cenvatable materials for make in body clay, the ceramic body clay is not a excisable products. also in this case Rule-6 cenvat crdit rule is apply or not.
Please help me this query in cenvat
we are accountant of Manufaturing company product is vitrified ceramic tiles, its intermidiary product is ceramic body clay
hence my question is we are sold ceramic body clay but not reversal cenvat crdit in use cenvatable materials for make in body clay, the ceramic body clay is not a excisable products. also in this case Rule-6 cenvat crdit rule is apply or not.
Please help me this query in cenvat
15 August 2013
You have to reverse credit on ceramic body clay, which is sold by you.
Rule 6 is also applicable in this case and you have to maintain separate accounting recored.
Rule 6 is also applicable in this case and you have to maintain separate accounting recored.
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