Cenvat credit on Capital goods transfer

Narasimhan (Internal Audit) (39 Points)

23 October 2010  

Dear All,

We have a unit in Uttranchal which enjoys excise exemption under notification 49/03 dated 10.6.2003 where goods can be removed with out excise duty. 

Now we are going to remove an imported machinery which is use from Uttranchal to our unit in Tamil nadu. 

1.  Can we take cenvat credit (atleast proportionally) on the machinery moved to Tamil nadu?

2.  Should we take any permission from Central excise authorities for removing the machinery?

Request your valuable inputs.

Kind Regards

Narasimhan.J