Transfer of sad under rule 10a cenvat cr. rule

Amitabha Mukherjee (Sr. Manager, GST) (253 Points)

23 June 2012  

Dear Friends,

 Ref:-Under Rule 10A of Cenvat Credit Credit Rules   

We have two units and same PAN no. We can transfer our SAD(Special Addl. Duty or Addl Duty of Imports4%) amount from one unit to another unit at the end of each quarter, procedure as maintained in Rule-9 . From this budget 2012central Govt facilate of transfer cenvat Credit for the manufacturer having more than one register unit to another unit vide  Notn No. 18/2002 -CE(NT) issued in this regards, w.e.f 01.04.12.

A transfer Challan shall also be issued which will contain registration no. , Name, address of both unit . On the basis of this transfer challan the recipient unit will be allowed to take credit.

My question 1) What is format of transfer Challan ?

                     2) what is meant for each quarter ? Is this 30.05.12,  30.09.12, 31.12.12 and 31.03.12

                     3) It is also written that the manufacture shall submit the monthly return as specified under this rule.separately in respect of transfering and recipient premises.  can you give the idea how to prepare this?

4) How to prep[are ER-1 , where it will be shown?

Amitabha Mukherjee