RULE 11(2) OF CCR 2004.

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..... RULE 11(2) OF CCR 2004.
Query (Issue) Started By: - DIPAK K Dated:- 22-11-2014 Last Reply Date:- 25-11-2014 Central Excise
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Central Excise
GOOD MORNING DEAR EXPERTS. EXTRACTS f .....

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..... rom rule 11(2) of CCR 2004." after deducting the said amount from the balance, if any, lying in his credit, the balance, if any, still remaining shall lapse and shall not be allowed to be utilize .....

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..... d for payment of duty on any excisable goods, whether cleared for home consumption or for export."Sir, what is meant by this portion (1) whether the balance cenvat will totally end or (2) it will .....

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..... lying unutilized and will be utilized only after crossing 1.5 crores. Please reply. Thanks and regards. Reply By Rajesh Nathoo: The Reply: Daer Dipak , Balance Credit if any left will lapse , it .....

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..... cannot be utilized for discharging duty liability when u cross 1.5 Cr. turnover , however when u coss 1.5 Cr turnover , u can take the credit of input raw materials in stock or credit of inputs in fin .....

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..... ished goods or credit of inputs in WIP.
Discussion Forum - Knowledge Sharing .....

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