Excess cenvat, Central Excise

[SACHIN SHAH]

Sir,

We are group of company , our one unit exporting material about 80% and another unit export is less final product also different every unit . our point is that our one unit lying at surat , which was accumulated duty about 3 crore and more . So please advise how it is utilise , one option we have rebate claim or refund , we have any onother option athore than this .

 

SACHIN

 

 

 

Posts / Replies

[Mangesh Lokre]

 

Dear Mr Shah

You may opt for Large Tax Payer Unit where all the units will registered at single window.

Please go through the conditions for obtaining LTU, if you are complying then go for LTU

When you will be LTU, then you may transfer such unutilised credit to any plant on transfer challan.

This will help you to liquidate the Cenvat.

Another advantage is you can transfer the CG within the group companies at Nil rate of Duty.

 

Till time, you only have option of Rebate/Refund.