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TMI BlogCenvat credit - refund of unutilized creditX X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat credit - refund of unutilized credit X X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat Credit Rule, 2004, if the units availing notification no. 20/2007 dated 25.4.2007 is unable to utilize the credit of inputs, he will get the refund of balance amount of unutilised credit on inp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uts. what is the scope of unable to utilize, pl illustrate examples. whether any clarification has been issued by cbec or not,pl make a reference to. Reply By Rama Krishana: The Reply: There may be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... various combinations of the various situations for availing and utilizing cenvat credit as per notification no. 20/2007 read with rule 5A of the cenvat credit rules, 2004. A simple can be: (i) duty pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yable on the finished goods = Rs. 5000/- (ii) cenvat credit available on Inputs = Rs. 6000/- (this may be due to higher rate of duty on inputs or SAD on import or previous rate of duty i.e. 14% or 10% ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as the case may be.) (iii) manufacture is not able to utilize the credit of Rs. 1000/- [Suppose the condition of value addition as per the notification no. 20/2007] he can file refund claim under rul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 5A. X X X X Extracts X X X X X X X X Extracts X X X X
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