Trading goods export is considered as a exempted services
Ram kr. (Buisness) (883 Points)
12 August 2016Ram kr. (Buisness) (883 Points)
12 August 2016
Mir Irshad Ali
(Partner)
(192 Points)
Replied 13 August 2016
As per Rule 6(6) of Cenvat Credit Rules, 2004 "The provisions of sub-rules (1), (2), (3) and (4) shall not be applicable in case the excisable goods removed without payment of duty are -
(v) cleared for export under bond in terms of the provisions of the Central Excise Rules, 2002;
Thus, the Cenvat Credit reversal is not required to be made for Export Trading.
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)