TMI BlogRefund of Accumulated Cenvat CreditX X X X Extracts X X X X X X X X Extracts X X X X ..... We have a client (manufacturer of CFL and LED lights) located at Uttarakhand. As per state development policy, the client enjoying exemption from payment of Central Excise. Whereas, while procuring in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... puts including capital goods from outside Uttarakhand they are liable to pay Excise Duty, which they are unable to utilize with the result it is amounting to cost for them. Is there any prescribed pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cess under any rule whereby they can get the amount of un-utilized Cenvat? - Reply By CS SANJAY MALHOTRA - The Reply = Dear Samir, Refund of unutilised credit can be availed under Rule 5 of CC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R 2004 provided the physical exports have taken place irrespective of whether the goods are excisable or exempted. In case of domestic clearances of exempted goods, CENVAT credit on input is not a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vailable if the final product is exempted. Hence, when CENVAT is not eligible, no issue of refund of unutilised credit stands. - Refund of Accumulated Cenvat Credit - Query Started By: - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Samir Banerjee Dated:- 26-7-2015 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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