https://www.taxtmi.com/notifications?id=1155 The amendment inserts rule 12A allowing a large taxpayer to transfer inputs (excluding certain petroleum products) and capital goods between its registered premises without immediate payment of specified duty, provided those inputs are used in manufacture and cleared on payment of duty or exported under bond/letter of undertaking within a specified period; transfer requires serially numbered documentation with prescribed particulars. Failure to comply triggers recovery of the credit taken with interest, while recipient premises may avail credit for any duty subsequently paid and transfers of CENVAT credit between registered premises are permitted subject to existing utilization limits. Monthly returns and administrative transition rules are prescribed. en-us Sat, 30 Sep 2006 00:00:00 +0530 Tue, 11 Nov 2008 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=1155 The amendment inserts rule 12A allowing a large taxpayer to transfer inputs (excluding certain petroleum products) and capital goods between its registered premises without immediate payment of specified duty, provided those inputs are used in manufacture and cleared on payment of duty or exported under bond/letter of undertaking within a specified period; transfer requires serially numbered documentation with prescribed particulars. Failure to comply triggers recovery of the credit taken with interest, while recipient premises may avail credit for any duty subsequently paid and transfers of CENVAT credit between registered premises are permitted subject to existing utilization limits. Monthly returns and administrative transition rules are prescribed. Notifications Central Excise Sat, 30 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=1155