06 February 2010
We are 100% EOU, having two unit in a same name in a different jurisdiction , we are taking cenvat credit in both the units, but we are exporting from only one unit, so the other unit cenvat balance is lying as balance there is no DTA sales from our unit, kinly let me know is there any possibilities to transfer the Balance to the unit which is exporting, please clarify the same.
11 February 2010
Cenvat can be transferred only along with goods. There is no way to transfer cenvat without transferring goods. If all the products of the second unit is exported, you can refund of Cenvat under Rule 5 of the Cenvat Credit Rules.
CAclubindia
