Regarding cenvat credit refund

This query is : Resolved

srikanth (Querist)
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10 December 2011 dear sir,

we are manufacturers of electrical panels we made SEZ and CT3 clearence almost from 10 months. we have a cenvat credit almost 55 lakh shall we take a refund from excise department and what is the procedure ?

Manoj Malpani

Manoj Malpani (Expert)
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12 December 2011 You have following options,

a) Future SEZ sale can be done by payment of excise duties by utilisation of Cenvat Credit. You can go for rebate claim of these duties.

b) Similarly you can supply to EOU by paying the excise duties and can apply for TED Refund from DGFT as per Foreign Trade Policy.

c) Refund of Input Credit under Rule 5 of Cenvat Credit Rules, 2004