TaxTMI 
TaxTMI 
Cenvat cr - EOU Unit by debonding
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....envat cr - EOU Unit by debonding<br> Query (Issue) Started By: - Rajan Rajan Dated:- 28-3-2015 Last Reply Date:- 29-3-2015 Central Excise<br>Got 2 Replies<br>Central Excise<br>Sir, We are closing one ....
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....EOU Unit by debonding everything. We have some accumulated Cenvat Credit. Query: Can we adjust this cenvat credit and pay the balance duty, also provide some case law if any Reply By MARIAPPAN GOVI....
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....NDARAJAN: The Reply: You can adjust the same against the payment of duty. Reply By Naveed S: The Reply: The accumulated credit may be utilized for payment of duty on DTA clearances or can be claime....
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....d as Refund. Also refer to Rule 17(1) of the Central Excise Rule, 2002. Further, a portion of Board's circular no. 799/32/2004-CX, DT. 23/09/2004 is reproduced below : It has been observed that....
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.... EOUs are entitled to avail CENVAT Credit Scheme w.e.f. 06.09.2004 vide notification No. 18/2004-CE (N.T.) dated 6.9.2004. Thus, the EOUs who receive duty paid goods can avail input credit for the dut....
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....y paid on such goods and utilize the credit for payment of duty on DTA clearances and if for some reasons, the credit cannot be utilized, the same can be claimed as refund under Rule 5 of Cenvat credi....
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....t rule 2004,<br> Discussion Forum - Knowledge Sharing ....