Regarding credit refund in cash.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 August 2014 Sir,
My company was manufacturing some special type of ink from 2006 after that from 2009-10 our ink was exempted from central excise. in year 2011-12 we have found that we have to get cenvat credit from department of F.Y. 2008-09 and we put our case to commissioner central excise and they consider our case fit and give us credit, but now the problem is that since our product is exempted we can't set off our credit and department denied to give refund in cash for that credit, kindly tell me whether we can get cenvat credit in cash and if there is any case law please mention.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 August 2014 Cenvat credit not available for exempted goods.

Rupesh Jain

Rupesh Jain (Expert)
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12 August 2014 you can not take credit for mfg of exempt finished goods .

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