JOBWORK U/R 4(5)a CENVAT CREDIT RULE 2004

[Asked by Guest]

DEAR SIR,

WE ARE MANUFACTURING COMPAN Y WE REQUIRE TO SEND MATERIL FOR JOBWORK TO OTHER REGISTER COMPANY

CAN WE SEND SEMIFINISHED GOODS (INTERMEDIATE) WITH INPUT RAW MATERIAL FOR MAKE FINAL( FINISHED GOODS) .  PLEASE GUIDE WITH RULES.

REGARDS

MANOJ RAUT

 

 

AI Summary

Jobwork under CENVAT Credit Rules requires return within a time limit or duty reversal, with reversal reclaimable on receipt.
Manufacturers may send intermediate goods with inputs to a jobworker provided the goods are returned to the factory within 180 days of the jobwork challan; if not returned within that period, equivalent duty must be reversed, and the reversed duty can be restored when the goods are received back. Certain semi finished goods may additionally require special permission from the revenue officer before being sent on jobwork.