9911796707
TMI Blogcenvat credit rules 2002 rule 8X X X X Extracts X X X X X X X X Extracts X X X X ..... cenvat credit rules 2002 rule 8 X X X X Extracts X X X X X X X X Extracts X X X X ..... tanding anything contained in Sub-Rule (1), Commissioner may , in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of manufacturer where the goods are made, permit a manufacturer to store his goods in any other place outside such premises, without payment of duty subject to such conditions as he may specify. Therefore, the maximum pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... riod will depend on permission given by and conditions specified by the commissioner. Reply By NEERAJ KUMAR, RANCHI: The Reply: Dear Atul, First of all I would like to amend your query, infact it is Cenvat Credit Rule, 2004 and not 2002. Now coming to your query as per Rule 8 of the CCR, 2004 : "The Deputy Commissioner of Central Excise or the Assistant Commissioner of Central Excise, as the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase may be, having jurisdiction over the factory of a manufacturer of the final products may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of such manufacturer, by an order, permit such manufacturer to store the input in respect of which CENVAT credit has been taken, outside such factory, subject to such limitations and conditi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons as he may specify: Provided that where such input is not used in the manner specified in these rules for any reason whatsoever, the manufacturer of the final products shall pay an amount equal to the credit availed in respect of such input. " As far as the time period is concerned which is your main query, I am of thhe view that there is no time period specified in the law, rather it is up ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to the discredtion of the jurisdictional AC or DC, who in his order as described above in Rule may specifiy the period as per your requirement or as he finds fit according to demand of nature of goods. Reply By Naveed S: The Reply: At the time of making such an application to the Jurisdictional Assistnat/Deputy Commissioner, the time limit period for storing the goods outside the factory premis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es is to be mentioned therein, which is basically 6 months / 1 year period. The permission is granted for such time and before the expiry of the said period, application for renewal is to be made. X X X X Extracts X X X X X X X X Extracts X X X X
|
