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

Accumulated Cenvat Credit: options include refund for deemed exports, transfer to related units, or clearance on payment.
Accumulated Cenvat credit from imported inputs (including additional duty/CVD) can be reduced by claiming a refund for clearances treated as deemed exports to EOUs, by transferring additional-duty credit between units registered on the same PAN, or by clearing imported inputs on payment equal to the credit availed, each mechanism extinguishing the accumulated credit.