Transfer of balance credit to new premises
This query is : Resolved
Sudhir S.Bahirgonde
(Querist)
10 July 2012
Dear Sir,
I Have cenvat credit balance in my excise a/c as i had done export billing through my coustmer under CT-1 tran.
Now i need to shift my manufacturing premises to some other location so pls guide me how can my balance credit can be transfered to my new premises reg.
Regards,
Sudhir Bahirgonde
Esbee Engg. Equip. Pvt Ltd.
I Have cenvat credit balance in my excise a/c as i had done export billing through my coustmer under CT-1 tran.
Now i need to shift my manufacturing premises to some other location so pls guide me how can my balance credit can be transfered to my new premises reg.
Regards,
Sudhir Bahirgonde
Esbee Engg. Equip. Pvt Ltd.
11 July 2012
As per Rule 10 of the Cenvat Credit Rules, 2004 if a manufacturer of the final products shifts his factory to another site then, the Cenvat credit lying un-utilized is allowed to transfer the same to transferred place. Simply you have to intimate to the Jurisdictional AC/DC with a copy to jurisdictional Range Superintendent.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- GSTR9 Annual Return
- Employee secondment
- Applicability of tax on invoice
- Closer of business and itc of capital goods
- Rent agreement of House of deceased person
- Rectification under processing even after 6 months cpc portal
- Gift to nri relatives resides in usa
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
