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Lalit Sangani (M.Com. Asst. Manager Account)     06 January 2014

Utilization of cenvat between two unit

Dear All,

if one compnay having two manufacturing unit which is registered in excise with different registration no., is any way to cenvat credit of one unit can utilise to other unit. if yes please explain.



 8 Replies

karan jit singh

karan jit singh (Consultant)     06 January 2014

Till Now , there is no such provision for providing the same which you hav said lalit.
But stil 2% not sure about it , let me review the rules. (Do refer Cenvat Credit Rules).

 

CA. Kuldeep Singhi

CA. Kuldeep Singhi (Entrepreneur)     06 January 2014

Only Cenvat Credit of CVD 3(5) can be utilised as per Rule 10A
1 Like
vishal sharma

vishal sharma (Manager (Indirect Taxation))     07 January 2014

If you are a large manufacturing unit then you can transfer cenvat credit from one unit to another However you can transfer cenvat credit of sad on imports ffrom one unit to another only on the last day of quarter Unit should have same pan no
1 Like
Lalit Sangani

Lalit Sangani (M.Com. Asst. Manager Account)     08 January 2014

Dear Vishal / Kuldeep,

Can you please provide me notification for SAD or CVD utilisation between two unit.

vishal sharma

vishal sharma (Manager (Indirect Taxation))     08 January 2014

pls go through rule 10a of cenvat credit rule 2004

Lalit Sangani

Lalit Sangani (M.Com. Asst. Manager Account)     09 January 2014

Dear Vishal,

Can we utilise CVD 12% also for other unit.

 

Regards

Lalit Sangani

vishal sharma

vishal sharma (Manager (Indirect Taxation))     09 January 2014

No u cant only sad can be transferred lalit
1 Like
Lalit Sangani

Lalit Sangani (M.Com. Asst. Manager Account)     05 March 2014

As we can transfer SAD 4% only in quarter end, Can we utilise this amount for quarter end i.e. amount transfer in 31st march 14 and utilise amount for march 14.

 

 


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