oInput credit taking against supply of materials to Power project

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..... oInput credit taking against supply of materials to Power project
Query (Issue) Started By: - Varghese Kurian Dated:- 16-10-2017 Last Reply Date:- 18-10-2017 Central Excise
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Central Excise
Sir, We are manufacturer and supplier to BHEL. BHEL has given us PAC to supply of materials to NTPC MEJA Power projects. We have taken Excise credit for Inputs and supplied to BHEL ,NTPC .....

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..... site under nil duty. Excise auditor says only imports are allowed to take credit as per Rule 6(6)vii ,local supply input excise duty cannot be taken credit.Kindly help us to counter the argument Reply By Himansu Sekhar: The Reply: Rule 6 (6) of CCR -The provisions of sub-rules (1), (2), (3) and (4) shall not be applicable in case the excisable goods removed without payment of duty are either - .....

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..... (vii) all goods which are exempt from the duties of customs leviable under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and the additional duty leviable under sub-section (1) of section 3 of the said Customs Tariff Act when imported into India and are supplied, - (a) against International Competitive Bidding; or (b) to a power project from which power supply has been tied u .....

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..... p through tariff based competitive bidding; or (c) to a power project awarded to a developer through tariff based competitive bidding, in terms of Notification No. 12/2012-Central Excise, dated the 17th March, 2012; (viii) supplies made for setting up of solar power generation projects or facilities. Credit on the local supplies also can be taken made to Mega power projects. The Notifica .....

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..... tion has clearly mentioned this. These clearances are treated as deemed export. Please go through the above Rules, Examine the same.
Discussion Forum - Knowledge Sharing .....

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