Refund of CENVAT credit may be allowed where manufacturers in specified areas cannot utilize input credit for notified final products. New rule 5A permits refund of CENVAT credit to manufacturers in specified areas who, having cleared final products notified by the Government, cannot utilize credit on inputs for payment of excise duties on those notified final products; refunds exclude credits relating to exempt or nil-rated final products and are subject to procedure, conditions and limitations specified by notification. The rule clarifies that 'duty' means the duties specified in sub rule (1) of rule 3 of the CENVAT Credit Rules.
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.
Refund of CENVAT credit may be allowed where manufacturers in specified areas cannot utilize input credit for notified final products.
New rule 5A permits refund of CENVAT credit to manufacturers in specified areas who, having cleared final products notified by the Government, cannot utilize credit on inputs for payment of excise duties on those notified final products; refunds exclude credits relating to exempt or nil-rated final products and are subject to procedure, conditions and limitations specified by notification. The rule clarifies that "duty" means the duties specified in sub rule (1) of rule 3 of the CENVAT Credit Rules.
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