Refund of unutilized credit of Additional duty of excise (T&TA) and its admissibility under Rule 5 of CENVAT Credit Rules by application of Board Circular No.701/17/2003-CX dated 12.3.2003

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....lity under Rule 5 of CENVAT Credit Rules by application of Board Circular No.701/17/2003-CX dated 12.3.2003 F.No.267/11/2003-CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs *** New Delhi dated 22nd March, 2007 To Chief Commissioners of Customs and Central Excise (All) Chief Commissioners of Central Excise (All) C....

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.... 2. The issue has been examined. It is seen that in terms of the CENVAT Credit Rules, 2002, and the subsequent rules notified in 2004, CENVAT Credit of specified duty paid on inputs is admissible provided they are used in the manufacture of excisable goods other than exempted goods. Exempted goods are defined as goods which are exempted from the whole of duty of excise leviable thereon and include....