CIR NO.683/74/2002- CX, DT. 24/12/2002
- Document type
- Circular
- Reference no.
- I
- Dated
Diversion of credit taken on inputs for exempted products under the North-East notifications for payment of central excise duty on other products
Diversion of credit taken on inputs for exempted products under the North-East notifications for payment of central excise duty on other products -reg.
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(i) the CENVAT credit of the duty paid on the inputs used in the manufacture of final products cleared after availing of the exemption under the notification numbers 32/99-CE and 33/99-CE, both dated the 8.7.1999 [referred to as North East notifications] shall be utilized only for payment of duty on final products cleared after availing of the exemption under the said notifications; and
(ii) the refund allowable under the North East notifications shall not exceed the amount of duty paid less the amount of the CENVAT credit availed of, in respect of the duty paid on the inputs used in or in relation to the manufacture of goods cleared under the corresponding exemption notification.
3. Trade may be suitably informed.
4. Receipt of this circular may be acknowledged.
5. Hindi version follows.
Yours faithfully,
(Gautam Ray)
Joint Secretary to the Government of India