I have to transfer ram material to our sister unit
This query is : Resolved
11 February 2016
we have one raw material which is non excisable.
we have to transfer the same to pur sister unit.
can i reverse 6% on the same aganist Cenvat reversal of non-excisable goods under Rule 6 of CENVAT Credit Rules, 2004 [w.e.f. 1-3-2015]
we have to transfer the same to pur sister unit.
can i reverse 6% on the same aganist Cenvat reversal of non-excisable goods under Rule 6 of CENVAT Credit Rules, 2004 [w.e.f. 1-3-2015]
13 February 2016
Reversal would be applicable if you clear exempt final product which was made of cenvatable raw material. In your case it seems that no need to reverse
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