RULE 11(2) OF CCR 2004.

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..... GOOD MORNING DEAR EXPERTS. EXTRACTS from rule 11(2) of CCR 2004 . after deducting the said amount from the balance, if any, lying in his credit, the balance, if any, still remaining shall lapse an .....

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..... d shall not be allowed to be utilized for payment of duty on any excisable goods, whether cleared for home consumption or for export. Sir, what is meant by this portion (1) whether the balance cenvat .....

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..... will totally end or (2) it will lying unutilized and will be utilized only after crossing 1.5 crores. Please reply. Thanks and regards. - Reply By Rajesh Nathoo - The Reply = Daer Dipak , Balance .....

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..... Credit if any left will lapse , it cannot be utilized for discharging duty liability when u cross 1.5 Cr. turnover , however when u coss 1.5 Cr turnover , u can take the credit of input raw materials .....

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..... in stock or credit of inputs in finished goods or credit of inputs in WIP. - RULE 11(2) OF CCR 2004. - Query Started By: - DIPAK K Dated:- 22-11-2014 Central Excise - Got 1 Reply - Central Excise - .....

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..... 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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