Is it mandatory to pay CENVAT of 6% even if the autonomous govt reaserch institute is exempted under Notification No. 10/97-Central Excise.
Kindly clarify.
3 Replies
Ramesh kumar
(Manager - Central Excise )
(126 Points)
Replied 21 November 2013
If You are not mainataining seperate registers for dutiable & exempted goods than you have to pay the said duty. If you have maintained seperate registers for dutiable & exempted goods need not pay the said duty. Refer general exemption no. 19 in Central Excise Tariff Act relates to not.no.10/97.
Venkatesh
(Accountant)
(43 Points)
Replied 18 April 2014
My question is by maintining seperate registers whether we can avail cenvat on goods used in supply and exempt from paying excise duty.
CA Vijay Kumar Walande
(Expert)
(515 Points)
Replied 13 December 2014
No, venkatesh.
If you are maintaining separate registers then you cannot avail cenvat credit on the goods used in exempt sales.
There may be certain common inputs and common inputs services, for these you may use cenvat credit but, proportionate reversal shall be done under rule 6(3A).
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