unutilized credit

Jeevesh Mehta (Advocate- Corporate Commercial & Indirect Tax Advisory)   (861 Points)

16 June 2009  

Kindly advise,

If there arise a situation where i have excess cenvat balance available even after utilizing it for the output duty/tax liability.

Can i claim that unutilized credit at any point of time ? or can i adjust it in future duty payments.

Or it will lapse automaticly after one year?

 

Regards