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TMI BlogCenvat cr - EOU Unit by debondingX X X X Extracts X X X X X X X X Extracts X X X X ..... Cenvat cr - EOU Unit by debonding X X X X Extracts X X X X X X X X Extracts X X X X ..... EOU Unit by debonding everything. We have some accumulated Cenvat Credit. Query: Can we adjust this cenvat credit and pay the balance duty, also provide some case law if any Reply By MARIAPPAN GOV ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... INDARAJAN: The Reply: You can adjust the same against the payment of duty. Reply By Naveed S: The Reply: The accumulated credit may be utilized for payment of duty on DTA clearances or can be claim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed as Refund. Also refer to Rule 17(1) of the Central Excise Rule, 2002. Further, a portion of Board's circular no. 799/32/2004-CX, DT. 23/09/2004 is reproduced below : It has been observed tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t EOUs are entitled to avail CENVAT Credit Scheme w.e.f. 06.09.2004 vide notification No. 18/2004-CE (N.T.) dated 6.9.2004. Thus, the EOUs who receive duty paid goods can avail input credit for the du ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ty paid on such goods and utilize the credit for payment of duty on DTA clearances and if for some reasons, the credit cannot be utilized, the same can be claimed as refund under Rule 5 of Cenvat cred ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it rule 2004, X X X X Extracts X X X X X X X X Extracts X X X X
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