Refund of TTA

[deepak kalambate]

We are Textile goods manufacturer Exporter working under 29/2004 CE & are taking cenvat credit on both inputs and input services.

We now would like to opt ZERO duty option in next financial year for that we have utilized all Cenvat credit of Inputs & Input Services and now we have ZERO closing balance of Inputs and Input Services EXCEPT balance of TTA

Please let us know whether we can claim this duty or can set off against our Central Excise Liability?

Thanks & Regards,

Deepak

AI Summary

Textile Exporter Seeks Guidance on Terminal Tax Adjustment Against Central Excise Under CENVAT Credit Rules Amendments A textile goods manufacturer and exporter, operating under Notification 29/2004 CE, inquired about claiming or setting off the balance of Terminal Tax Adjustment (TTA) against their Central Excise liability after utilizing all Cenvat credits on inputs and input services. The response advised consulting clause 3 C (VII) of Notification No. 12/2005-C.E. (N.T.) and 27/2007-C.E. (N.T.), which are part of the CENVAT Credit (Sixth Amendment) Rules, 2007, for guidance on the issue.