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Income from sale of carbon credit certificate is required to reversal of cenvat credit under Rule 6(3)?, Central Excise |
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Income from sale of carbon credit certificate is required to reversal of cenvat credit under Rule 6(3)? |
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Dear Professionals, We are having a power plant & we are generating income from saling of excess carbon credit to the international market. We want to optn cenvat credit rule 6(3) option. (Propornationate reversal of cenvat credit on monthly basis) My question is : Whether income from carbon credit certificates is required to be included, while, calculating total turnover under Cenvat credit rule 6(3)? As per my view such income is neither manufacture, neither service & nor a trading activity, therefore not included in the total turnover under cenvat credit rule 6(3). Pls. correct if i am wrong Thanks
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Sir, Please clarify what are the duty paid inputs/input service are used in the sale of carbon credit certificate. In my opinion it is a mere sale of a commodity and will attract vat only. Page: 1 Old Query - New Comments are closed. |
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