TMI BlogCenvat cr - EOU Unit by debondingX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, We are closing one 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if any - Reply By MARIAPPAN GOVINDARAJAN - 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f duty on DTA clearances or can be claimed 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reproduced below : It has been observed that 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duty paid goods can avail input credit for the duty 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be claimed as refund under Rule 5 of Cenvat credit rule 2004 , - Cenvat cr - EOU Unit by debonding - Query Started By: - Rajan Rajan Dated:- 28-3-2015 Central Excise - Got 2 Replies - Central ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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