utilisation of cenvat credit

This query is : Resolved 

19 August 2008

A Co. wants to close its business from delhi and start its bisiness in mumbai( i.e change in place o business of Co.) how can a Co utilise its cenvat credit which it has carried forward( i.e which is unutilised) in the last return i.e 01-10-2007 to 31-03-2008.

Thanks

Shweta

19 August 2008 If the business is going to be shifted from delhi to mumbai then there will not be any constraint to claim the input credit.

If closing of business is envisaged, input credit of one entity cannot be claimed by the other



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