Refund of TTA, Central Excise

[deepak kalambate]

We are Textile goods manufacturer Exporter working under 29/2004 CE & are taking cenvat credit on both inputs and input services.

We now would like to opt ZERO duty option in next financial year for that we have utilized all Cenvat credit of Inputs & Input Services and now we have ZERO closing balance of Inputs and Input Services EXCEPT balance of TTA

Please let us know whether we can claim this duty or can set off against our Central Excise Liability?

Thanks & Regards,

Deepak

Posts / Replies

[Pradeep Khatri]

Dear Deepak,

Please check the clause 3 C (VII) of the Notification No. 12/2005-C.E. (N.T.) and 27/2007-C.E. (N.T.)  i.e. CENVAT Credit (Sixth Amendment) Rules, 2007 in this regard.

Regards,

Team YAGAY & SUN

(Indirect Tax Consultants)