Sir,
I want Expert's opinion on the following topic.
Treatment of Cenvat Credit of an Industrial unit situated in SIDCUL Haridwar( Integrated Industrial Estate)
Company A is situated in SIDCUL Haridwar, purchases input from Haldia after paying Excise Duty on it. It manufactures finished goods from this and sells it to Party C.
Party C is also registered with excise.
Since company A is exempted from Excise (since it is in SIDCUL), what should it do with its CENVAT CREDIT.
Whether it can claim REFUND or can PASS the credit of CENVAT to its buyer(Company C).
Plz. suggest.
CAclubindia
