srennder of c. ex licence

[krishna d]

I want to shifitin my factory one location to another location ie mumbai to Pune I have already intimated AS. Com Of Cen Excise for Shifting our plant .

Please let us know . how to Reverse /pay Cenvat credit used in AVailable Rm Stock and Captiatl goods

Waht is the procidure and when to Surrender the Licence and what is the procidure.

Thanks and regards

K.D.Pai

[Mahir S]

Refer rule 10 of cenvat credit rules 2004.

No need for surrender, only amendment in the registration is to be done.

Contact your present Jurisdictional Range Officer for necessary guidance in the matter.

[MUKUND THAKKAR]

Dear Pai,

you have two option in your querry,

first  follow the procedure rule 10,

this  situation may be  time consumed, and may delay for the procedure  with the dept.

second option is  you have  to apply for  new registration for your  pune place, after getting  the registration   cleared  the Inputs  from your mumbai factory, paid  the duty under head of  " input as such" and take the credit  at pune place. now question arised  for finished goods, if  you remove  the finished goods  which is not entitle for availment of  cenvat credit. so keep the stock at mumbai premises and cleared all finished goods from their. after  your stock status come to nil in RG-1 than surrender  the  registration at mumbai, 

please ensure that  no any goverment dues by way of SCN  pending  with the dept at mumbai factory. if any goverments due are pending  your  request for surrender not  consider by the dept. after the payments  of scn and other issue your surrender request may be consider. surrender activity  should be do  thru ACES only after the pending payments if  any.

Mukund Thakkar 

AI Summary

Cenvat credit transfer: amend registration or obtain new registration and settle liabilities before surrendering old registration. Relocation requires either amendment of registration under the Cenvat Credit Rules to retain credit or a new registration at the destination with duty paid on moved inputs as 'inputs as such' to claim credit there; finished goods not eligible for credit should be cleared from the original premises and registration surrendered only after RG-1 shows nil stock and all departmental liabilities and show-cause notices are settled, with surrender processed through ACES.