cenvat credit rules 2002 rule 8

[atul saraf]

Please let me know the maximum time period for which an assessee can seek permission to store inputs outside factory area.

AI Summary

Cenvat Credit Rules: No Fixed Limit for Storing Inputs Outside Factory; Commissioner Decides Duration Based on Circumstances. A user inquired about the maximum time period for which an assessee can store inputs outside the factory under the Cenvat Credit Rules. Respondents clarified that the applicable rule is from the Cenvat Credit Rules, 2004, not 2002. The rule allows the Deputy or Assistant Commissioner of Central Excise to permit storage outside the factory in exceptional circumstances, without specifying a fixed time limit. The duration depends on the commissioner's discretion and the conditions imposed. Typically, permission is granted for 6 months to 1 year, and renewal applications should be submitted before expiration.