Accumalation Central Excise Credit

[jagadesh kumar bhojanapalli Kumar]

The Unit has been registered under Central Excise , importing inputs from overseas supplier availing cenvat credit including CVD , no exports made from that unit but clearances were made to EOUs against form CT-3. Pl suggest us how to claim accumulated excise credits & authority or notication/circular Regards,

AI Summary

Unit Seeks Refund for Accumulated Excise Credits; Advised to Claim Under Rule 5 of Cenvat Credit Rules, 2004 A unit registered under Central Excise is seeking advice on claiming accumulated excise credits, having imported inputs and made clearances to Export Oriented Units (EOUs) against form CT-3 without exporting. The response suggests claiming a refund under Rule 5 of the Cenvat Credit Rules, 2004, as clearances to EOUs are deemed exports. It also advises transferring Cenvat credit between units under a common PAN and clearing imported inputs under specific rules. Another participant agrees with this advice, supporting the proposed solutions for reducing accumulated Cenvat credit.