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Storage of input outside factory prior to availing cenvat credit
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....torage of input outside factory prior to availing cenvat credit<br> Query (Issue) Started By: - Yatin Bhopi Dated:- 29-10-2013 Last Reply Date:- 9-11-2013 Central Excise<br>Got 7 Replies<br>Central Excise<br>We are manufacturer. We import our input on payment of applicable custom duties. We have imported our input in excess of storage space available in the factory. We wish to store this excess in....
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....put outside the factory in nearby warehouse. We will not avail the CENVAT credit till the actual receipt of the input in the factory. My query is: Can we store this input after paying duties and clearing from customs out side factory? Reply By Pradeep Khatri: The Reply: You need to seek permission from the Jurisdictional Commissioner in this regards under Rule 4(4). Reply By CA.S Ganesh: The ....
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....Reply: dear friend, once u paid the duty and cleared the goods from custom authority, you can eligible for cenvat credit. but, you can take credit, provides you have excise registration for that place where u have stored that goods. if your company has registered with excise authorities to store the goods as warehouse, u can eligible to take the moment in which the goods are reached the wareho....
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....use. Reply By MANDAVILLI RAMAKRISHNA: The Reply: apply for permission to the AC/ SUPDT. concerned requesting temporary permission to store goods outside the unit otherwise, if they make any inspection, it will be problem. Reply By ramniranjan kandoi: The Reply: Dear Yatin, As per Rule 8 of CCR, 2004, permission from Dy./Asst. Commissioner is required only if credit is to be taken for Inputs....
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.... stored outside the factory premises..If credit is not taken than permission is not required.You can take credit after you bring full consignment in the factory. Reply By MUKUND THAKKAR: The Reply: Dear , it is seems that you have brings the inputs in your factory, once you brings the inputs in factory is elgiable to take cenvat credit, if inputs covered in cenvat defination. now in your case y....
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....our are facing the problem of storage. in such situation you have to have seek permission from JC. for storage of inputs out side the factory primises. Mukund Thakkar Reply By Ashok Jogalekar: The Reply: You can store duty paid inputs at a warehouse other than you registered premises, however you can avail the CREDIT only after the inputs are brought to the Registered premises. Reply By ramnir....
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....anjan kandoi: The Reply: Yes, I agree the comments.One can store Input outside factory premises & take credit only after receipt of full quantity of the Invoice.<br> Discussion Forum - Knowledge Sharing ....