banner_ad

Cenvat credit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 September 2012 A Company has 2 units, both in a same city, same locality, same nature of work. Both the units are registered under excise. All the sales and purchases made in the name of unit I. Unit II is acting as job worker.

At the time of audit, for the machineries situated at unit 2, department disallowed the CENVAT credit taken by unit-I.

please suggest if there is any provision under excise so that unit II can transfer credit of that CENVAT to unit-I.
Profile Image

CA. Vikash Chandra Jaiswal

Profile Image

CA. Vikash Chandra Jaiswal (Expert)
20 September 2012 No, you can not transfer credit of one unit to another.
Transfer of Credit is permissible only under Rule 10 of CENVAT Credit Rule,2004. This allows transfer of credit only in case of closure, takover,amalgamation etc.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details