Excess cenvat credit is available in our account

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Originally posted by :Ram kr.
" Dear Sir,
We have excess cenvat credit. Can we ignore some credit so that we reduce our credit and after that when required we take credit. Please tell rule & regulation in this regards.
thanks

"


 

Replies (18)
Originally posted by :Ram kr.
" Dear Sir,
We have excess cenvat credit. Can we ignore some credit so that we reduce our credit and after that when required we take credit. Please tell rule & regulation in this regards.
thanks

"


 

Dear Sir,

 The Assessee can claim Refund of Un-utilised (Accumulated)  Cenvat Credit under Cenvat Credit Rule 5 against export .

Is it possible to claim refund of Un-utilised Cenvat Credit against Deemed Export ie sale to EOU against CT- 3 ? What is the procedure and documentation is required for such refund ?

Regards

Suren

 

hello sir.in my company there is a balance of cenvat credit which is unutilised. audit party is of opiniob that such unutised balance is termed as income and is taxable.i am against it..plz give the correct solution.

Originally posted by : suren
Dear Sir,

 The Assessee can claim Refund of Un-utilised (Accumulated)  Cenvat Credit under Cenvat Credit Rule 5 against export .

Is it possible to claim refund of Un-utilised Cenvat Credit against Deemed Export ie sale to EOU against CT- 3 ? What is the procedure and documentation is required for such refund ?

Regards

Suren

 

pay duty against export to EOU , and claim refund on the strength of ARE1/3 from department. against CT3 its not possible


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