TMI BlogRule 6 of CENVAT credit rule 2004 applicability in case of trading in non-excisable goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... A manufacturer is also doing trading in non-excisable goods. As per recent amendment in rule 6 of CENVAT credit rules 2004 . Manufacturer or Service provider shall follow any one option from either ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1) pay 6%/7% or 2) pay an amount as determined under sub-rule (3A) As per Section 66D (e) Trading is the exempted service. In this case if we go for 1 st option are we need to pay 6% or 7% o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f value? Please share your views. - Reply By surya narayana - The Reply = Dear Friend, According to my remembarance ,for the purpose of Rule 6 of CCR,2004 non excisable goods also covered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . However, since you are carrying Trading activity your are under obligation to comply with the options of Rule 6 and you have to reverse/pay 7% being the Trading is a service activity. Best Regard ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Suryanarayana - Reply By Yatin Bhopi - The Reply = Thanks Sir - Rule 6 of CENVAT credit rule 2004 applicability in case of trading in non-excisable goods - Query Started By: - Yatin Bhopi Da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted:- 22-4-2016 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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