Question Regarding Central Excise

1 new unit is establish. They will received 1st order of SEZ, IN LAW EXCISE, 1st Amount Rs. 1,50,00,000 excise is exempted, Average Excise value is Rs. 24,00,000. That Rs. 24,00,000 excise is saving and it will back again as INPUT CREDIT, if business close, One can get refund ?
Replies (3)

to get back the excise duty, you have to pay duty on clearance and claim "rebate" otherwise it will lapse.

Refer Rule 5 of Cenvat credit rules. It should answer you query. As per this rule credit on the inputs used for manufacturing goods for exports for any reason could not be utilised than refund is allowed subject to safeguards and limitation issued.

Regards

Dayananda

Originally posted by : DAYANANDA K N

Refer Rule 5 of Cenvat credit rules. It should answer you query. As per this rule credit on the inputs used for manufacturing goods for exports for any reason could not be utilised than refund is allowed subject to safeguards and limitation issued.

Regards

Dayananda

The query posted is availing exemption of 1.5 cr, then clearance to SEZ, under this situation if duty is not paid, means lapse of input credit. as the manufacturer under notification 08/2003 is not eligible for input credit, but if he like to pay duty on sez clearance under ARE-1/2/3 as the case maybe, on export invoice, under "claim for rebate of duty",

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details