Storage of inputs outside factory permitted subject to conditions and repayment of credit if inputs are not used. Rule 8 permits storage of inputs outside a manufacturer's factory in exceptional circumstances subject to an order by the jurisdictional Deputy/Assistant Commissioner and specified limitations and conditions, typically requiring proper records and a bond. If the input is not used as prescribed, the manufacturer must pay an amount equal to the Cenvat credit availed for that input. The procedural step is an application to the jurisdictional officer and compliance with recordkeeping and security requirements imposed with the permission.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Storage of inputs outside factory permitted subject to conditions and repayment of credit if inputs are not used.
Rule 8 permits storage of inputs outside a manufacturer's factory in exceptional circumstances subject to an order by the jurisdictional Deputy/Assistant Commissioner and specified limitations and conditions, typically requiring proper records and a bond. If the input is not used as prescribed, the manufacturer must pay an amount equal to the Cenvat credit availed for that input. The procedural step is an application to the jurisdictional officer and compliance with recordkeeping and security requirements imposed with the permission.
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