16 December 2010
Dear Sir/Madam we manufactures dutiable and exempted goods to use dutiable or without dutiable inputs tell me how to maitain the record and how can utilized cenvat credit
27 December 2010
One option could be that for dutiable products the duty paid inputs used are tobe captured [ maybe from stock records] and then credit admissible maybe availed. Capital goods used even partially FULL credit is available. Inputs follow the : 100 % credit on services used exclusively for taxable NIl % on services used exclusively for exempted. 100% 16 common services On balance common proportinate as per rule 6.
CAclubindia
