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Central Excise - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

CENVAT Credit - garden tools fully exempted from payment of duty ...

Central Excise

April 15, 2015

CENVAT Credit - garden tools fully exempted from payment of duty had been exported under letter of undertaking and, therefore, in terms of Rule 5 of Cenvat Credit Rules, the input duty credit availed in respect of inputs used in the manufacture of such garden tools can be utilized by the manufacturer for payment of duty on final products cleared for home consumption or for export on payment of duty. - AT

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