Balance in ccr.


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 May 2012 Suppose even after taking CENVAT credit, there remains some balance in CCR. Then would it be refunded or carry forwarded or forfeited.
What happens in similar issue in case of VAT??
What's the time period of availing such as in case of VAT it is monthly.
Thanks.

17 May 2012 The CCR balance is carried forward without any time limit.

It can be used by the assessee for making duty payments in the future.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 May 2012 Whats the time limit to carry forward and what happens which left aftre that????? Refunded, forefeit?????


21 May 2012 There is no time limit for carry forward. It can be carried forward indefinitely.

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2012 Ok. Thank You.
Please tell me the rule/section no., because I was trying to find but couldn't find it.



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