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suneel (partner)     01 May 2013

Material dispatch in shis

We are manufacturer of  machinaries in Gujrat, We have supplied same machinaries to one of our client under SHIS SCHEME  of central goverment as the machinaries where capital goods to them. 

Now our range on filing ER 3 is saying that we have to revert 6% of the credit taken as input reversal. what should we do?


 1 Replies

Ramesh Chandra Verma (advocate)     09 August 2013

As per various judgments, clearances made against SHIS scrip are not to be treated as exempted goods. Hence there is no question of reversal/payment of any cenvat/duty on the value of goods cleared against SHIS scrips.



R C Verma

Mob:09810525780  /  0888 281 281 8

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