TMI BlogIncome from sale of carbon credit certificate is required to reversal of cenvat credit under Rule 6(3)?X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. (Prop ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ornationate 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redit 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). P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls. correct if i am wrong Thanks - Reply By Rajagopalan Ranganathan - The Reply = Sir, Please clarify what are the duty paid inputs/input service are used in the sale of carbon c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redit certificate. In my opinion it is a mere sale of a commodity and will attract vat only. - Income from sale of carbon credit certificate is required to reversal of cenvat credit under Rule 6(3)? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Query Started By: - Vijay Chitte Dated:- 3-1-2017 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia - taxmanagementindia - taxmanagement - 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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