CENVAT Credit Rules – Rule 6(6) - Supplies to Solar Power Projects
AS per Rule 6(6) of the CENVAT Credit Rules, the requirement of separate accounts/reversal/paying 6% will not apply to certain exempted clearances. Now supplies made for setting up of solar power generation projects or facilities are also included in this list.
This sub rule also mentions Notification No. 6/2006-CE dated 01.03.2006, which was superseded by Notification No. 12/2012-CE dated 17.03.2012. Now, this correction is made in the CENVAT Credit Rules. But this should have been done on 17.03.2012 and now what would happen for the period prior to 08.05.2012?
Notification No. , Dated: May 08, 2012