Refund of CENVAT Credit under rule 5 of the CENVAT Credit Rules, 2004

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....d the 14th March, 2006, published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 156(E), dated the 14th March, 2006, the Central Board of Excise and Customs hereby directs that refund of CENVAT credit shall be allowed subject to the procedure, safeguards, conditions and limitations as specified below, namely:-.      2.0 Safeguards, conditions and limitations.-  Refund of CENVAT Credit under rule 5 of the said rules, shall be subjected to the following safeguards, conditions and limitations, namely:-            (a) the manufacturer or provider of output service shall submit not more than one claim of refund under ....

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....; (f) for the value of all services other than export during the quarter,  the time of provision of services shall be determined as per the provisions of the Point of Taxation Rules, 2011.            (g) the amount of refund claimed shall not be more than the amount lying in balance at the end of quarter for which refund claim is being made or at the time of filing of the refund claim, whichever is less.            (h) the amount that is claimed as refund under rule 5 of the said rules shall be debited by the claimant from his CENVAT credit account at the time of making the claim.       &nb....

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....         (ii) in case of service provider, before the expiry of one year from the date of -                   (a) receipt of payment in convertible foreign exchange, where provision of service had been completed prior to receipt of such payment; or                   (b) issue of invoice, where payment for the service had been received in advance prior to the date of issue of the invoice.]              (c) The application for the refund should be signed by-   &n....

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....d further enquiry needs to be caused before the sanction of refund claim.            (g) At the time of sanctioning the refund claim the Assistant Commissioner or Deputy Commissioner shall satisfy himself or herself in respect of the correctness of the claim and the fact that goods cleared for export or services provided have actually been exported and allow the claim of exporter of goods or services in full or part as the case may be. [F No 268/07/2012-CX.8] Click here>> for (Form A) | (Form A-I) (Madan Mohan) Under Secretary to the Government of India   ------------------- Notes:- 1. Substituted vide Not. 14/2016 - Dated 1-3-2016, before it was read as, " (b) T....

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....g the quarter. 4 Amount reversed in terms of sub-rule (5C) of rule 3 5 Net CENVAT Credit = (3) - (4) 6 Total value of all goods cleared during the quarter including exempted goods, dutiable goods and goods for export. 7 Export turnover of services and value of all other services, provided during the said quarter. 8 All inputs removed as such under sub-rule (5) of rule 3, against an invoice during the quarter. 9 Total Turnover = (6) + (7) + (8) Amount in Rs 10 11 12 13 14 15 2.0 Refund amount as per the formula = (1) * (5)/(9), in respect of goods exported. Refund amount as per the formula = (2) * (5)/(9), in respect of services exported. Balance of CENVAT Credit available on the last day of quarter. Balance of ....

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.... Signature of the Claimant Name of the Claimant Registration Number Address of the Claimant 4.0 (i) (ii) (iii) Enclosures: Copies of Customs Certified ARE-1 form along with the copies of shipping bill and bill of lading in case of the export of goods. Copies of the Bank Realization Certificates for the export of services. [refer 3(d)] Certificate in Annexure A-I from the Auditor (statutory or any other) certifying the correctness of refund claimed in respect of export of services. [refer 3(e)] 5.0 Refund Order No The refund claim filed by Shri/ Messrs Date ddmmyyyy has been scrutinized with the relevant Central Excise/ Service Tax records. The said refund claim has been examined with respect to relevant enclosures and h....