Transfer of Cenvat Credit Unit I to Unit II

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..... Dear Experts, We have one unit at Hyderabad and another one is at Rajasthan. From Hyderabad we use to do regular sales on payment central excise duty and using cenvat credit, from Rajasthan we have exempted product sales under Nil rate of central excise duty, but we receiving credit since it is mega power plant supplies. We accumulating​ cenvat credit in Rajasthan Unit, but we are unabl .....

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..... e to set off since all products and sales are exempted, in this circumstances, can we transfer cenvat credit from Rajastan Plant to Hyderabad Plant, is there any option ? Kindly suggest... - Reply By Rajagopalan Ranganathan - The Reply = Sir, You can transfer the credit along with the inputs only and you cannot transfer the credit alone without transferring the inputs to your Hyderabad Uni .....

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..... t. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I agree with the views expressed by Shri Rajagopalan Ranganathan. - Reply By ganeshan kalyani - The Reply = This implies that if an input is used for manufacturing exempted goods, then the cenvat cannot be tranfered to the unit manufacturing taxable goods. Rule 12A(4) of CCR , says '' A large taxpayer may transfer, CENVAT credit ava .....

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..... ilable with one of his registered manufacturing premises or premises providing taxable service to his other such registered premises''. the word taxable is important here in this rule. - Transfer of Cenvat Credit Unit I to Unit II - Query Started By: - Ramesh M Dated:- 19-12-2014 Central Excise - Got 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an e .....

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..... xpert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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