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Refund of unused CENVAT credit

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..... Refund of unused CENVAT credit
Query (Issue) Started By: - biren parikh Dated:- 5-7-2012 Last Reply Date:- 23-5-2016 Central Excise
Got 3 Replies
Central Excise
We have a manufacturing unit and have excise registration and from past 1 one year unit is not working and we have unutilized credit lying in our CENVAT how can we encash the credit it will also be ok if we have to surrender t .....

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..... he registration. Reply By Pradeep Khatri: The Reply: If accumulation is due to export of goods under bond, then, you may adopt following procedure:- Refund of accumulated CENVAT credit for export under bond. Rule 5 of Cenvat Credit Rule read with Notification No. 5/2006 CE (NT) dated 14.3.2006. 1. Refund Application in Form as prescribed under Notification. 2. Relevant extracts of the recor .....

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..... ds maintained under Cenvat Credit Rules in respect of input duty credit taken 3. Statement/ Documents to show use of inputs/ input services in the exported goods. 4. Original copy of ARE-1. 5. Invoice issued under Rule 11 of Central Excise Rule, 2002 6. Self attested copy of Shipping Bill (EP copy) and Bill of lading/ Airway Bill. 7. Disclaimer certificate. (in case claimant is other than exp .....

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..... orter) 8. Any other document in support of the refund claim. Reply By Dilip Darji: The Reply: Dear Sir. Refund under Rule 5 is the only way out to get back unnued credit lying with you. Reply By Rahul Gupta: The Reply: Dear sir In our case Cenvat is accumulating because we do only assembling and does not have a sufficient margin to generate output liability. can you suggest a way out of thi .....

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..... s. Regards Rahul
Discussion Forum - Knowledge Sharing .....

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