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CENVAT CREDIT

Central Excise - Started By: - BHARAT COKING COAL LIMITED - Dated:- 24-8-2016 Last Replied Date:- 27-8-2016 - THE ASSESSEE COMPANY IS ENGAGED IN EXTRACTION OF COAL ON WHICH EXCISE DUTY WAS IMPLEMENTED FROM MAR'11 FOR THE FIRST TIME. HOWEVER THE REGISTRATION AS INPUT SERVICE DISTRIBUTOR WAS TAKEN IN NOV'13. SOMEHOW THE COMPANY DID NOT PASS A HUGE AMOUNT OF ON INPUT SERVICES (MAINLY ON CISF SERVICES) FOR THE PERIOD UPTO NOV'13. IN THE MEAN TIME A NOTIFICATION CAME IN SEP'14 RESTRIC .....

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If you do not fight, the chapter is closed now and that too for ever. It cannot be denied that CE duty has been paid and taxable output service has been provided. These two factors are very much basis of the facility of Scheme.Throw the ball in the court of law. You may apply for permission to use the credit for the past period. The department will reject the request and on the basis of rejection letter you can file appeal with the Commissioner (Appeals) and thereafter litigation may go up to Hi .....

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1 year. Therefore if you want to take credit of duty paid on inputs/capital goods and service tax paid on input services on 1.9.2014 or 1.3.2015, as the case may be the above mentioned restrictions are applicable. This restriction is applicable to input service distributor also. Since in your case huge amount is involved you may request Govt. of India to issue a special order permitting you to take and distribute the credit as one time exception. If the Govt refuses to issue such order then you .....

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