9911796707
TMI Blogtranfer of 4% creditX X X X Extracts X X X X X X X X Extracts X X X X ..... tranfer of 4% credit X X X X Extracts X X X X X X X X Extracts X X X X ..... ule 10A is inserted in Cenvat Credit Rule, 2004 from 1.4.2012 that enables transfer of 4% CVD to the other unit of the same assessee. Can the credit lying in balance of unit as on 31.3.2012 be transfe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... red to other unit. Reply By Pradeep Khatri: The Reply: Since the Rule 10A is applicable w.e.f. 01-04-2012, therefore, credit so accumulated, can't be transferred to the other unit. Law is silent in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... this regard and there is no clarification from the Department as yet. You may approach to the Department for seeking the clarification in this regard. Reply By Joginder Pal: The Reply: The amended ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cenvat credit rule 2004, vide notification no. 18/2002-CE (N.T), provides for transfer of credit of additional duty to another unit of the same company registered with the same PAN no. , at the end of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a quarter. In my opinion, there is no bar on the amount of credit to be tranferred. Hence a unit can transfer upto full credit of additional duty lying in their account as on 30-6-12. Needless to say ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , other conditions need to be complied with. X X X X Extracts X X X X X X X X Extracts X X X X
|
