Setting the Cat amongst the Pigeons

Dear Sharma Sir,
The insertion of the phrase in brackets (And not buyer of such goods),has become a source of confusion and makes one understand that credit is not to be taken by the manufacturer of inputs as opined by the learned author.
If the buyer of the goods, is not one who is availing exemption say, under Notification No.1/2011-CE, but somebody else buying goods paying duty say at 2% adv, the condition of not taking credit would become redundant in view of the definition of "exempted goods " under Rule 2(d) of CCR,2004 as the same covers the goods on which duty is paid in terms of Notification No. 1/2011-CE. The confusion can be cleared by making suitable amendment in the condition like"by the manufcaturer of such goods availing exemption under Notification No. 1/2011-CE etc.

rrkothapally rrkothapally 26/07/2015