can we go for transfer or refund of unutilised Cenvat Credit?

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..... Dear Sirs, Pls. provide your valuable information regarding below queries. Sir, we have 3 MFG Units in AP (A,B C) unit A is Big unit unit C is small unit now we are closing small unit C we transfer the all finished and semi finished and all inputs to our unit A with payment of Excise duty, but some unutilised Cenvat credit closing balance is ther at unit C, now query is, 1. can we transfer .....

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..... the unutilised Cenvat credit balance amount from unit 'C' to unit 'A'? 2.shall we apply for refund of unutilised Cenvat credit closing balance of unit 'C'? pls. do needful in the above mater. BENARJEE GOVADA - Reply By Ramaiah Swamy - The Reply = good evening, mr. srinivas, 1. Cenvat Cedit Rules, 2004 provide for transfer of credit on account of shifting of factory 2. Since .....

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..... you are closing the "C" unit, you can move the materials, ( raw materials, wip, finished goods and capital goods) to Unit "A" against invoice on payment of duty 3. Thereafter make necessary entries in DSA and other related documents maintained at Unit "C" 4. At the completion of shifting of Unit "C" , you can approach your jurisdictilonal ACCE/DCCE and seek transfer ofunutilized / balance .....

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..... cenvat credit 5. After getting the permission, you can take credit at Unit "A" 6. As an abundant precaution, you may write in advance to ACCE/DCCE in charge of Unit "C" about your proposal to shift Unit "C" to Unit"A". Endorse copy of this letter to the ACCE of Unit "A" as well. 7. This should suffice 8. You may also approach your range office for any other divergent practice followe .....

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..... d Thanks, Rangaswamy - can we go for transfer or refund of unutilised Cenvat Credit? - Query Started By: - chaganti srinivas Dated:- 15-2-2011 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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