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Rule-6.3(1)

Central Excise - Started By: - Prabhakar Singh - Dated:- 21-1-2016 Last Replied Date:- 25-1-2016 - Dear Sir. We are manufacture of Auto parts now we are planning to manufacture of Sewing machine parts also . sewing machine parts are exempted. My question is below. 1 - We amend RC. 2-we are eligible Rule 6(3)(1) of reversal of cenvat credit of 6%. - Reply By Ganeshan Kalyani - The Reply = Yes you can either maintain separate books of accounts or go for 6% reversal of cenvat credit. - Reply By Raj .....

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d with the options as per law cited by my Seniors in this trailing concern of yours.Do undertake anaylsis as to which option is better for you (a) Availing CENVAT on common Inputs and afterwards paying duty @ 6% on value of exempted goods OR(b) Maintaining separate set of books if inputs are identified on one to one basis. Not availing CENVAT or reversing the same on actual basis. - Reply By Mahir S - The Reply = Yes, all replied posted above are relevant to your query and agreed. - Reply By sur .....

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