Refund of untilized cenvat credit

Refund of Excise duty can be claimed only on closure of business/manufacturing operations. Howerver,  in case of exporters, excise duty refund is allowed. In all other cases, unavailed cenvat credit can be adjusted only against excise liability on finished products.

i m agrey with the view of S.P.MAHANTA

I beg to differ.

Refund of unutilised Cenvat Credit cannot be claimed even in the cases of closure of business.

Such refund can be claimed only under Rule 5 of the Cenvat Credit Rules, if such accumulation of credit is related to credit on inputs, which has been used in manufacture of export produc, which has been exported under bond without payment of duty and without claim of rebate on inputs.  

You can claim any time your unutilised Cenvat Credit. only thing you have to submit apllication in prescribed format with proper supporting documents.

Regards,

Manish

Manish, Kindly tell us the rule under which it can be claimed.

https://cenexcisenagpur.nic.in/tradenotice/trade_653.htm

Please refer above link 

Give me some time . I will confirm you the same.

Dear Sirs,

Please put some more light on this topic  of unutilized credit other than Export i.e Rule 5 Cenvat Credit Rules.

Whether refund is allowed or not? Is it only allowed in case of Export not otherwise?

If not , than will it lapse automaticly?

regards

Jeevesh, it is allowed only in case of export.

please any body tell me that a  unit  get refund of  unutilised cenvat credit under rule 5  when produced goods totaly exported and there is no reason for utilisation of cenvat credit.

A unit has de-bonded from EOU to DTA unit,having cenvat credit in part-II,can be refunded

when  a unit was fullfil export obligationas required  under 100%eou ,after debonding by payment of duty ,unit has cenvat credit  balance  of input used by them for production the exported goods,give the guidlines  to get refund back if there is no DTA sale.