RAJASEKHAR (Article Assitant) (126 Points)
02 January 2016
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 04 January 2016
Export of service is not an exempt service in terms of Rule 2(e) of cenvat Credit rules, 2004. Accordingly, no reversal under Rule 6 is to be made.
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 05 January 2016
Ref: Rule 6 (6) of Cenvat Credit Rules.
The provision of reversal of Cenvat credit would not be applicable in few specific cases.
One of them is when goods are cleared for exports without payment of futy interms of Central Excise Rules.
Accordingly it will not be considered as exempted service for Rule 6 purpose - no reversal required.
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