FAQ/Suggestion regarding CENVAT CREDIT
- Whether the CENVAT accumulated due to rate difference in excise duty of input and output of one unit of a company can be :- (i) Transfer in another unit of the same company anywhere in India for utilization in payment of excise duty of such another unit or (ii) get refunded from the department. All goods are being sold indigenously.
- Whether the balance of unutilized Cenvat in a unit which has closed all its activities can be:- (i) utilized after a long period of three of four years in payment of excise duty of other product by the same unit or (ii) get refunded from the department. All goods are being sold indigenously.
- Is there any time limit of taking credit of Cenvat of both excise and service tax?
- Whether Cenvat credit can be taken of service tax on bill of architect pertain to the period before taking the registration under central excise act?
- Whether Cenvat credit can be taken on the steel used in erection of supports and guards of Rolling mill and in cooling platform?
- Now department is imposing penalty on the cenvat credit taken mistakenly even not utilized. This is not fair. A strong recommendation should be given to amend the concerning notification/circular.
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