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Information Related to Principal Inputs - Cenvat Credit - Ready Reckoner - Cenvat Credit

Information Related to Principal Inputs
  • Contents

Chapter 14

Information related to Principal Inputs

Statutory Provisions:

Rule 9A of the Cenvat Credit Rules, 2004

 

9A - Information relating to principal inputs -

(1) A manufacturer of final products shall furnish to the Superintendent of Central Excise, annually by 30th April of each Financial Year, a declaration in the Form specified, by a notification, by the Board, in respect of each of the excisable goods manufactured or to be manufactured by him, the principal inputs and the quantity of such principal inputs required for use in the manufacture of unit quantity of such final products:

Provided that for the year 2004-05, such information shall be furnished latest by 31st December, 2004.

 (2) If a manufacturer of final products intends to make any alteration in the information so furnished under sub-rule (1), he shall furnish information to the Superintendent of Central Excise together with the reasons for such alteration before the proposed change or within 15 days of such change in the Form specified by the Board under sub-rule (1).

(3) A manufacturer of final products shall submit, within ten days from the close of each month, to the Superintendent of Central Excise, a monthly return in the Form specified, by a notification, by the Board, in respect of information regarding the receipt and consumption of each principal inputs with reference to the quantity of final products manufactured by him.

(4) The Central Government may, by notification and subject to such conditions or limitations, as may be specified in such notification, specify manufacturers or class of manufacturers who may not be required to furnish declaration mentioned in sub-rule (1) or monthly return mentioned in sub-rule (3).

(5) Every assessee shall file electronically, the declaration or the return, as the case may be, specified in this rule.

Explanation: For the purposes of this rule, "principal inputs", means any input which is used in the manufacture of final products where the cost of such input constitutes not less than 10% of the total cost of raw-materials for the manufacture of unit quantity of a given final products.

 

The manufacturers, other than who has been exempted, are required to file the information of principal input and finished goods annually and monthly both.

Annual Return is furnished in Form ER-5 by 30th April of each financial year.

Monthly Return is furnished in Form ER-6  within 10 days from close of each month.

 

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  • What is Principal Input 

Principal Inputs means any input which is used in the manufacture of final products where the cost of such input constitutes not less than 10% of the total cost of raw-materials for the manufacture of unit quantity of a given final products.

it is given in respect of all final products.

 

  • Who is required to file the Return in ER-5 and ER-6 forms:

Every manufacturer who is not exempted from filing of information related to finished goods and principal inputs.

Exempted manufacturers are: -

1. Manufacturer who paid duties of excise less than 100 lakhs through PLA or CENVAT Credit or both, and

2. Manufacturer producing the goods falling under the following chapters / headings

      Chapters - 22, 28, 29, 30, 32, 33, 34, 38, 39, 40, 48, 72, 73, 74, 76, 84, 85, 87, 90 and 94

      Headings - 54.02, 54.03, 55.01, 55.02, 55.03 and 55.04 

 
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