Sales return excise utilization, Central Excise

[Mathurthi RamKumar]

Dear All,

first..I wish u a very happy new year to all. I want to know about sales return. If excise invoice raised on June 14 and total invoice returned by party in july 14 with manufacture invoice only. We show return details on July 14 ER return but cenvat credit not utilized.

Kindly confirm is there is any time limit for cenvat utilization?

Regards

M.RamKumar

Posts / Replies

[PAWAN KUMAR]

Dear Sir,

As per my view, no such limit has been prescribed in the law which restrict utilization of cenvat credit if lying in the books. Cenvat credit can be utilized any time.

[chetan rachhadiya]

there is no such time limit in utilise the credit. time limit applicable only to take credit.

[MARIAPPAN GOVINDARAJAN]

Thanks for this useful information

[Naveed S]

Yes sir, you can utilize the cenvat credit without any time limit, as explained above.

[MUKUND THAKKAR]

Taking of cenvat credit is within time limit now,

utilization of cenvat credit no time limit, enjoy your cenvat balance at any time..