TaxTMI 
TaxTMI 
Accumalation Central Excise Credit
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....ccumalation Central Excise Credit<br> Query (Issue) Started By: - jagadesh kumar bhojanapalli Kumar Dated:- 25-2-2014 Last Reply Date:- 26-2-2014 Central Excise<br>Got 3 Replies<br>Central Excise<br>T....
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....he Unit has been registered under Central Excise , importing inputs from overseas supplier availing cenvat credit including CVD , no exports made from that unit but clearances were made to EOUs agains....
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....t form CT-3. Pl suggest us how to claim accumulated excise credits & authority or notication/circular Regards, Reply By Naveed S: The Reply: (i) From your query, it is clear that goods are cleared to....
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.... Export Oriented Units. Hence, Refund for such exports can be claimed under Rule 5 of Cenvat Credit Rules, 2004. as clearances to EOU. is considered Deemed Export . Also refer Noti.No.05/2006 CE (N.T.....
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....). (ii) Secondly, if there are more than one unit registered on the common PAN number , then you can Transfer the Cenvat credit of additional duty to such unit - Refer rule 10 A of Cenvat Credit Rule....
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....s, 2004. (iii) Imported inputs can also be cleared as such under sub rule (5) of rule 3 of Cenvat Credit Rules, 2004 on payment of an amount equal to the credit availed in respect of such imported in....
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....puts. In above ways, the accumulated cenvat credit can be reduced. Reply By Pradeep Khatri: The Reply: We are in agreement with the reply submitted by Mr. Naveed. Keep it up Naveed Reply By Nave....
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....ed S: The Reply: Thanks a lot..<br> Discussion Forum - Knowledge Sharing ....