Cenvait Availment facility

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..... Cenvait Availment facility
Query (Issue) Started By: - Sharad Sonawane Dated:- 22-10-2012 Last Reply Date:- 26-10-2012 Central Excise
Got 4 Replies
Central Excise
Dear Sir, We have Trading Unit in Mumbai i have taking all the benefit of Cenvat credit now i want Shift my Trading unit in Other State in MP (Indore) can transfer my cenvat credit other place or can i take Cenvat benefit .....

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..... in new location and New location i have taken new excise & service tax registeration Reply By Pradeep Khatri: The Reply: Traders never take or avail the CENVAT credit, they, just pass on it. Reply By JAMES PG: The Reply: It appears that you have taken Excise Registration as a Dealer and availing Cenvat Credit in RG23 D as First Stage or Second Stage Dealer. If you are opening another business .....

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..... place in MP, you can obtain separate Dealer Registration there and can issue Invoice in the name of the newly registered premises alongwith the goods. Cenvat as per the Invoice can be taken at MP in their RG23 D and can issue Cenvatable Invoices Reply By vijay kumar: The Reply: Since you are a dealer, you better square up your cenvat credit account since Rule 10 of Cenvat Credit Rules, 2004 doe .....

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..... s not provide for transfer of cenvat credit balance to dealers. Hence u may make the balance as zero at the old place and start afresh at the newly registered premises. Reply By MANDAVILLI RAMAKRISHNA: The Reply: thanks to mr. vijayakumar for enlightening us. can't we avail cenvat input credit on stock transfers? i hope mr. james is correct. please clarify
Discussion Forum - Knowledge Shar .....

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..... ing .....

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