CENVAT
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2009
A major portion of our sale is to "International Competitor bidding" like CAIRNS, ONGC etc. companies.
Hence we are unable to utilise CENVAT but we are continiously availing CENVAT credit on input used for the final product.
It has been resulted in a huge CENVAT credit accumulated.
Pls advise how can we utilise this accumulated CENVAT or can we get refund of this amount and under which rule or section ???
Hence we are unable to utilise CENVAT but we are continiously availing CENVAT credit on input used for the final product.
It has been resulted in a huge CENVAT credit accumulated.
Pls advise how can we utilise this accumulated CENVAT or can we get refund of this amount and under which rule or section ???
ANIL JANGID
(Expert)
24 November 2009
REASON OF NOT CHARGING EXCISE DUTY ON FINAL PRODUCT DISPACH TO ONGC,CAIRNS.
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