CENVAT Credit – Annual Declaration of Inputs – Final Products
As per Rule 9A of the CENVAT Credit Rules, the Manufacturer is required to file an Annual Declaration in respect of each of the excisable goods manufactured or to be manufactured by him, the principal inputs and the quantity of such principal inputs required for use in the manufacture of unit quantity of such final products.
Under Notification No. 39/2004-Central Excise (N.T), dated the 25th November, 2004, certain manufacturers like those of textiles, steel etc, who have paid less than One Crore Rupees in PLA are exempted from filing this declaration.
Now they have to file this declaration even if they pay One Crore or more from PLA and/or CENVAT Credit Account.
Notification NO. , Dated: September 29, 2008