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Reversal of excise duty

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Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2012 Dear Friends, I am working in pharmaceuticals manufacturing company. We have lot of excise balance (dr.) in our cenvat account, which is due to excess of excise duty paid on input Vs removal of excise duty on finished goods. The cenvat balance is related for very old period ie. five to six years back. My question is this whether there is any law in excise that cenvat balance should be used in specific period or we can forward it for indefinite period. waiting for your valuable reply .

@VaibhavJ

@VaibhavJ (Expert)

23 October 2012 Hi

There is no low for barring carry forward unless CENVAT paid on the Goods.

Rgds//Vaibhav
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