Cenvat credit

EXICSE (Legacy) 551 views 1 replies
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?
Replies (1)

Permission for storing inputs outside the factory is granted only when the party intend to avail credit on it. Hence in your case there is no question of having permission from the department. Cenvat credit would be admissible after completing certain formalities.

 

Advocate Raksh*t Verma


CCI Pro

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