RULE 11(2) OF CCR 2004.

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....ULE 11(2) OF CCR 2004.<br> Query (Issue) Started By: - DIPAK K Dated:- 22-11-2014 Last Reply Date:- 25-11-2014 Central Excise<br>Got 1 Reply<br>Central Excise<br>GOOD MORNING DEAR EXPERTS. EXTRACTS fr....

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....om rule 11(2) of CCR 2004.&quot; after deducting the said amount from the balance, if any, lying in his credit, the balance, if any, still remaining shall lapse and shall not be allowed to be utilized....

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.... for payment of duty on any excisable goods, whether cleared for home consumption or for export.&quot;Sir, what is meant by this portion (1) whether the balance cenvat will totally end or (2) it will ....

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....lying unutilized and will be utilized only after crossing 1.5 crores. Please reply. Thanks and regards. Reply By Rajesh Nathoo: The Reply: Daer Dipak , Balance Credit if any left will lapse , it c....

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....annot be utilized for discharging duty liability when u cross 1.5 Cr. turnover , however when u coss 1.5 Cr turnover , u can take the credit of input raw materials in stock or credit of inputs in fini....

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....shed goods or credit of inputs in WIP.<br> Discussion Forum - Knowledge Sharing ....