banner_ad

Reversal of CENVAT-Refund

1141 views 1 replies

Hello.

Exemption under Noti.No.6/2006, not claimed at the time of removal of goods from the factory. Lateron claimed by way of refund.

When an amount equal to 10 % of Sale price to be reversed under Rule 6(3)(b) ? At the time of filing of refund claim or on sanction of refund claim ?

An amount equal to 10 % of sale price is payable on removal of goods from the fasctory. In case, exemption is claimed by way of filing a refund claim, that is to say after removal of the goods from the factory, manufacturer is still required to pay an amount equal to 10 % of sale price, under Rule 6(3)(b) ?

Replies (1)
Dear Dilip, i presume that this tariffable notification providing exemption on removal. in my view 105 of sale price should be reversed at the time of removal only.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details