Cenvat credit

Nirav Worah (CHARTERED ACCOUNTANT) (396 Points)

20 February 2012  
A factory is having inputs outside the factory after having permission from Excise department. The company has not taken cenvat credit on stock. Stock is transferred at another factory located in other state.

1. Whether cenvat credit will be available in the other factory?

2. Whether there will be any implication under excise?