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Refund of excise duty

Central Excise - Started By: - varun arora - Dated:- 8-3-2016 Last Replied Date:- 11-4-2016 - Dear sirIf duty rate on final product is 12.50% and on raw material is 6% then can i take the refund back from thr deptt. As of accumulated cenvat unutilized.Thanks in advance. - Reply By CS SANJAY MALHOTRA - The Reply = Refund of accumulated CENVAT Credit is available only in case of Exports under Rule 5 of CENVAT Credit Rules. If the credit has been accumulated due to inverted Duty structure, no Refun .....

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material and final product have been mentioned wrongly. The querist wanted to mention rate of duty @12.5% on raw material and @6% on final product. Am I right, Sir ? - Reply By CS SANJAY MALHOTRA - The Reply = Respected Sir Sh. Kasturi ji,Am in agreement in you. Have considered the duty rate of 12.5% on RM and 6% on CG or else CENVAT Credit can't be accumulated. Queriest might have placed the figures inadvertently as none can;t place question in event of CENVAT on FG higher than RM, as in sa .....

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hich is simple,easy to get the accumulated cenvat in to liquid cash and less cumbersome when compared to Refund under Rule 5 of CCR 2004. However, if your company is not having any exports, then you may have to live with the accumulation Regards, S Suryanarayana - Reply By varun arora - The Reply = Thank you so much all Experts. - Reply By AKBAR BASHA - The Reply = Dear All Experts Greeting of the day We had one unit at jammu which had been established to Avail 100% excise refund as per Notifica .....

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