Sir,
We are group of company , our one unit exporting material about 80% and another unit export is less final product also different every unit . our point is that our one unit lying at surat , which was accumulated duty about 3 crore and more . So please advise how it is utilise , one option we have rebate claim or refund , we have any onother option athore than this .
SACHIN
Company Explores Options for Utilizing Over 3 Crore in Excess Cenvat Credit; Considers LTU Registration for Credit Transfer A company with multiple units is seeking advice on utilizing accumulated duty credits, specifically from a unit in Surat with over 3 crore in excess Cenvat credit. They are considering options like rebate claims or refunds. A respondent suggests registering as a Large Tax Payer Unit (LTU), which would allow the transfer of unutilized credits between units using a transfer challan. This would facilitate the liquidation of Cenvat credits and enable the transfer of capital goods within the group at a nil duty rate. Until then, rebate or refund remains their primary option. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
