https://www.taxtmi.com/article/detailed?id=7517 Manufacturers must file periodic (monthly or quarterly) and annual returns with the Superintendent of Central Excise within prescribed periods, with provisions for late fees and limited revision. Unutilized CENVAT credit may be transferred on factory shifts or ownership changes provided input stocks are transferred and properly accounted; additional duty credit may be transferred between registered premises by specified entries and transfer challan. Transition into the electronic credit ledger is required for persons registered under GST. Wrongful or erroneous credit leads to recovery, interest, confiscation and penalties, and the Government may impose restrictions to prevent misuse. en-us Fri, 21 Jul 2017 08:38:20 +0530 Fri, 21 Jul 2017 08:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7517 Manufacturers must file periodic (monthly or quarterly) and annual returns with the Superintendent of Central Excise within prescribed periods, with provisions for late fees and limited revision. Unutilized CENVAT credit may be transferred on factory shifts or ownership changes provided input stocks are transferred and properly accounted; additional duty credit may be transferred between registered premises by specified entries and transfer challan. Transition into the electronic credit ledger is required for persons registered under GST. Wrongful or erroneous credit leads to recovery, interest, confiscation and penalties, and the Government may impose restrictions to prevent misuse. Articles Cenvat Credit Fri, 21 Jul 2017 08:38:20 +0530 https://www.taxtmi.com/article/detailed?id=7517