about transfer of credit

[MEHUL ASHAR]

Respected Sir,

                          can a unit transfer the excisable imported raw material to its own unit having the same PAN & can that other unit can take the credit of cenvat + 4% additional duty.

AI Summary

Transfer of Excisable Imported Raw Materials Allowed Between Units Under Same PAN with CENVAT Credit and 4% SAD A user inquired whether a unit can transfer excisable imported raw materials to another unit under the same PAN and if the receiving unit can claim CENVAT credit plus a 4% additional duty. A respondent confirmed that the transfer is possible, provided an invoice is issued and appropriate duties, including equivalent CENVAT credit and Special Additional Duty (SAD) at 4%, are charged. The inquirer expressed satisfaction with the response received.