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