TaxTMI 
TaxTMI 
Please let me know the maximum time period for which an assessee can seek permission to store inputs outside factory area.
cenvat credit rules 2002 rule 8
12 Dec 2011 
3 Replies 
6347 Views Asked by
Storage of inputs outside factory: permission may be granted by DC/AC subject to conditions and repayment if unused.
Under Cenvat Credit Rule 8, 2004, the Deputy or Assistant Commissioner may permit storage of inputs outside a manufacturer's premises in exceptional circumstances, subject to limitations and conditions and to a period specified in the order; if an input is not used as required by the rules, the manufacturer must repay the credit availed in respect of that input. (AI Summary)
Under Cenvat Credit Rule 8, 2004, the Deputy or Assistant Commissioner may permit storage of inputs outside a manufacturer's premises in exceptional circumstances, subject to limitations and conditions and to a period specified in the order; if an input is not used as required by the rules, the manufacturer must repay the credit availed in respect of that input. (AI Summary)