Apni Law Staff asked 6 months ago
As a steel cutting unit in India, we sell goods under two categories: trading goods, cleared on reversal of duty under Rule 3(5), and manufactured goods, cleared on payment of duty based on transaction value. We pay excise duty for all goods. We’d like to know if Rule 6(3)(A) applies to the reversal of input service credit for both our trading and manufacturing activities, considering we don’t sell any exempt goods.
Best Answer
Apni Law Staff answered 6 months ago
Rule 6(3)(A) applies to both your trading and manufacturing activities as you pay excise duty for all goods and don’t sell any exempt goods. This rule allows reversal of input service credit for all goods, irrespective of whether they are traded or manufactured.
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