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    <title>Prescribes the procedure for claiming refund of unutilised CENVAT credit</title>
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    <description>Prescribes procedure for claiming refund of unutilised CENVAT credit: manufacturers must file a declaration with the jurisdictional Assistant or Deputy Commissioner detailing finished goods, manufacturing formula, input usage, tariff classification and duty paid; submit a monthly statement by the seventh day of the next month with input balances, values, duty, CENVAT credit taken and utilised, production and closing stock; after verification the jurisdictional officer may refund the unutilised balance and, if verification is delayed, must pay an 80% provisional refund by the thirtieth day of the month following the month under consideration.</description>
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    <pubDate>Wed, 25 Apr 2007 00:00:00 +0530</pubDate>
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      <description>Prescribes procedure for claiming refund of unutilised CENVAT credit: manufacturers must file a declaration with the jurisdictional Assistant or Deputy Commissioner detailing finished goods, manufacturing formula, input usage, tariff classification and duty paid; submit a monthly statement by the seventh day of the next month with input balances, values, duty, CENVAT credit taken and utilised, production and closing stock; after verification the jurisdictional officer may refund the unutilised balance and, if verification is delayed, must pay an 80% provisional refund by the thirtieth day of the month following the month under consideration.</description>
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