Ease of Doing Business - CBEC
ADVOCATE S. Viswanathan mails in:
The much touted new magnum opus CBEC site gives pride of the place to so called "Ease of doing business", wherein while referring to Notification NO.6/2015-CE (NT) dt 01.03.2015 the following is mentioned:
If the export proceeds are not received within the prescribed time period, the exporter has to reverse the Cenvat Credit. Re-credit of such reversed Cenvat credit has been allowed, if such export proceeds are received within one year from the specified period.
I have not come across the relevant provisions warranting such reversals anywhere, nor the amendments. Is this ease of business.?