Unutilised Cenvat Credit

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 February 2011 Dear Sir,

I am Senthil Kumar.S working in a Private Limited company as an Commercial Executive

We have converted our DTA unit into 100% EOU unit. At the time of conversion from DTA unit into EOU unit we had 38 Lakhs of Input Cenvat Credit. Now my question is whether the un-utilised cenvat credit can be carry forward to EOU unit or it will laspe.

Please confirm.

06 February 2011 It will carry forward.

06 February 2011 AGREE WITH RAM SIR, CENVAT CREDIT CAN BE CARRY FORWARD.


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Querist : Anonymous

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Querist : Anonymous (Querist)
07 February 2011 Dear Mr.Ram & Mr. Ravi,

Thanks for your reply, Could you please confirm under which notification cenvat credit can be carry forward.

Awaiting for your reply.

Regards
Senthil Kumar.S

07 February 2011 read by this link

http://taxguru.in/excise-duty/cbec-allowed-companies-to-carry-forward-cenvat-credit.html



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