TaxTMI 
TaxTMI 
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.
about transfer of credit
22 Mar 2012 
2 Replies 
1371 Views Asked by
Transfer of imported raw material permits intra unit charging of duty enabling recipient to claim CENVAT credit.
A unit may transfer imported excisable raw material to another unit with the same PAN by issuing an invoice and charging duty equivalent to the CENVAT credit plus an additional duty; the recipient unit may take credit of the charged CENVAT and additional duty subject to normal credit rules. (AI Summary)
A unit may transfer imported excisable raw material to another unit with the same PAN by issuing an invoice and charging duty equivalent to the CENVAT credit plus an additional duty; the recipient unit may take credit of the charged CENVAT and additional duty subject to normal credit rules. (AI Summary)