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TMI BlogAccumalation Central Excise CreditX X X X Extracts X X X X X X X X Extracts X X X X ..... Accumalation Central Excise Credit X X X X Extracts X X X X X X X X Extracts X X X X ..... The Unit has been registered under Central Excise , importing inputs from overseas supplier availing cenvat credit including CVD , no exports made from that unit but clearances were made to EOUs again ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st form CT-3. Pl suggest us how to claim accumulated excise credits & authority or notication/circular Regards, Reply By Naveed S: The Reply: (i) From your query, it is clear that goods are cleared t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o Export Oriented Units. Hence, Refund for such exports can be claimed under Rule 5 of Cenvat Credit Rules, 2004. as clearances to EOU. is considered Deemed Export . Also refer Noti.No.05/2006 CE (N.T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .). (ii) Secondly, if there are more than one unit registered on the common PAN number , then you can Transfer the Cenvat credit of additional duty to such unit - Refer rule 10 A of Cenvat Credit Rul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, 2004. (iii) Imported inputs can also be cleared as such under sub rule (5) of rule 3 of Cenvat Credit Rules, 2004 on payment of an amount equal to the credit availed in respect of such imported i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nputs. In above ways, the accumulated cenvat credit can be reduced. Reply By Pradeep Khatri: The Reply: We are in agreement with the reply submitted by Mr. Naveed. Keep it up Naveed Reply By Nav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eed S:
The Reply:
Thanks a lot.. X X X X Extracts X X X X X X X X Extracts X X X X
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