News Details
GST effect – pay duty and take exemptions
News Description :
CBEC comes up with three notifications, 34/2015-CE, 35/2015-CE and 36/2015-CE which allows exemptions to the final products only if the raw materials used in manufacture of the final products are duty paid, and cenvat credit on the same is not availed. Therefore, it becomes the burden of the manufacturer to maintain proper records to show that the raw materials used in the manufacture are duty paid and also taht such raw materials are used in the manufacture of exempted goods.