https://www.taxtmi.com/forum/issue?id=4062 Accumulated Cenvat/service tax credit cannot be adjusted to pay excise duty on closing finished stock at the time of debonding from an EOU. The credit may only be utilised for duty on DTA clearances or claimed as a refund under the Cenvat credit rules. Exit from the EOU scheme requires assessment and payment of duty liabilities, a No Dues Certificate from Customs and Central Excise before final debonding, and allows use of bonds/guarantees to expedite the process. en-us Sat, 21 Apr 2012 22:13:42 +0530 Thu, 23 Jan 2025 15:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4062 Accumulated Cenvat/service tax credit cannot be adjusted to pay excise duty on closing finished stock at the time of debonding from an EOU. The credit may only be utilised for duty on DTA clearances or claimed as a refund under the Cenvat credit rules. Exit from the EOU scheme requires assessment and payment of duty liabilities, a No Dues Certificate from Customs and Central Excise before final debonding, and allows use of bonds/guarantees to expedite the process. Discussion-Forum Central Excise Sat, 21 Apr 2012 22:13:42 +0530 https://www.taxtmi.com/forum/issue?id=4062