Cash credit on cenvat and depb

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2012 can cash credit facility be availed on cenvat ?????
if yes what would be the exact working??

01 November 2012 You are Asking For Bank CC Limit on CENVAT Credit Available ?
Right?
If Yes, Its Not Available, Bank Generally Not Give CC on That Balances.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 November 2012 YES ABOUT BANK CC LIMIT ONLY,,AND I HAVE 1 CASE IN CONCURRENT AUDIT WHERE IT IS ON CENVAT AND DEPB

01 November 2012 Yes, I Writen Check - Generally Not Give.

You Have to Prove of CENVAT Balance as Required by Bank.

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2013 RBI ALLOWS BANKS TO GIVE C.C ON CENVAT BUT WHAT IF THE PARTY BECOMES NPA ...HOW THE CENVAT WILL BE GIVEN TO BANK,NO RULES FOR THAT IN CENTRAL EXCISE ACT


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