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TMI Blogtranfer of 4% creditX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear experts As you are aware that Rule 10A is inserted in Cenvat Credit Rule, 2004 from 1.4.2012 that enables transfer of 4% CVD to the other unit of the same assessee. Can the credit lying in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... balance of unit as on 31.3.2012 be transfered to other unit. - Reply By Pradeep Khatri - The Reply = Since the Rule 10A is applicable w.e.f. 01-04-2012, therefore, credit so accumulated, can't be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... transferred to the other unit. Law is silent in this regard and there is no clarification from the Department as yet. You may approach to the Department for seeking the clarification in this regar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d. - Reply By Joginder Pal - The Reply = The amended cenvat credit rule 2004 , vide notification no. 18/2002-CE (N.T) , provides for transfer of credit of additional duty to another unit of the sa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me company registered with the same PAN no. , at the end of a quarter. In my opinion, there is no bar on the amount of credit to be tranferred. Hence a unit can transfer upto full credit of additional ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duty lying in their account as on 30-6-12. Needless to say, other conditions need to be complied with. - tranfer of 4% credit - Query Started By: - sv bhasker Dated:- 26-8-2012 Central Excise - Got ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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