banner_ad

Recover accumulated cenvat credit

785 views 2 replies

Dear Friends,

Suppose If coming budget our rate of excise duty is nil then what is the procedure to recover accumulated cenvat credit. is it any rule.

Thanks

Replies (2)

There is no way.

CENVAT Credit is allowed for its utilisation towards removal of Finished goods or inputs as such. While removing exempted goods you are not required to pay any duty and therefore the same cannot be utilised.

If the assessse is unable to utilse CENVAT Credit, bacuse of export, than as per Rule 5 of CENVAT Credit Rule, 2005, refund can be claimed, only to the extent of inputs used for manufacture of goods, which has been exported.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details