Reversal of excise duty
This query is : Resolved
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 .
23 October 2012
Hi
There is no low for barring carry forward unless CENVAT paid on the Goods.
Rgds//Vaibhav
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There is no low for barring carry forward unless CENVAT paid on the Goods.
Rgds//Vaibhav
Use thank button to convey your appreciation.
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