TaxTMI 
TaxTMI 
tranfer of 4% credit
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....ranfer of 4% credit<br> Query (Issue) Started By: - sv bhasker Dated:- 26-8-2012 Last Reply Date:- 27-8-2012 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear experts As you are aware that Ru....
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....le 10A is inserted in Cenvat Credit Rule, 2004 from 1.4.2012 that enables transfer of 4% CVD to the other unit of the same assessee. Can the credit lying in balance of unit as on 31.3.2012 be transfer....
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....ed to other unit. Reply By Pradeep Khatri: The Reply: Since the Rule 10A is applicable w.e.f. 01-04-2012, therefore, credit so accumulated, can't be transferred to the other unit. Law is silent in t....
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....his regard and there is no clarification from the Department as yet. You may approach to the Department for seeking the clarification in this regard. Reply By Joginder Pal: The Reply: The amended c....
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....envat credit rule 2004, vide notification no. 18/2002-CE (N.T), provides for transfer of credit of additional duty to another unit of the same company registered with the same PAN no. , at the end of ....
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....a quarter. In my opinion, there is no bar on the amount of credit to be tranferred. Hence a unit can transfer upto full credit of additional duty lying in their account as on 30-6-12. Needless to say,....
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.... other conditions need to be complied with.<br> Discussion Forum - Knowledge Sharing ....