Transfer of Unutilised Credit - ACES Now Responding
DDT 1957 - 08 10 2012 reported,
A harried assessee informs us:
"In the Budget 2012-13, the CENVAT Credit Rules was amended to transfer the un-utilized Additional duty credit from one unit to another unit which are registered with a common PAN vide notification 18/2012 C.E.(N.T.) and the corresponding notification for changes in the ER-1 was also made vide notification 12/2012 C.E. (N.T.)
But till date the ER-1 returns format in ACES does not have this change done and we want to transfer some credit lying un-utilized. We wrote a mail to ACES helpdesk; they gave us call ticket number and there is no reply from them for past one month."
Will somebody in ACES help?
Now, the ACES site clarifies:
Rows 9A and 16A have been inserted in the ER-1 return form introduced as per Notification No. 12/2012-CE(NT). This enables entry of transfer of credit of additional duty leviable under sub-section (5) of section 3 of the Customs Tariff Act from one registered premises to another.
The row 9A enables entry of credit taken from another unit of the same registrant while row 16A enables entry of credit utilized by transfer to another unit of the same registrant. The entry can be made only in corresponding column no.6 of the table no. 8 Details of credit taken and utilized. Row 9A reads as follows; Row 9A : Credit taken from inter-unit transfer of credit under Rule 10A of CENVAT Credit Rules, 2004" Row 16A reads as follows: Row 16A credit utilized towards inter-unit of credit under Rule 10A of CENVAT Credit Rules,2004. Column 6 reads as follows: Additional duty of Customs under Section 3(5) of the customs Tariff Act, 1975.