Refund of Unavailed Cenvat under rule 5 and Electronic Refund of Service Tax on Outward Services, Service Tax

[Ashok Chopra]

Respected Forum,

I am 100% EOU and availing refund on Unutilized Cenvat under Rule, 5 and i am also availing Electronic Refund of Service Tax  in my Shipping Bill and is being credited in my bank account.

 As per recent amendment in Rule 5 that unit who is availing rebate of Service Tax is not entitle for Unutilized Cenvat under Rule, 5.

Pls guide me:-

1.  Whether this clause is applicable on me and i am not entitled for Unutilized Cenvat under Rule, 5?

2. I am interested in Unutilized Cenvat, should i immediately stop taking Service Tax Rebate?

3. What should i do with the Service Tax Rebate, which has already been credited in my bank account, but still i have not utilized that rebate?

With regards

Ashok Chopra

Posts / Replies

[Naveed S]

Are you sure the above query is related to a 100 percent EOU Unit..

[Ashok Chopra]

yes sir