We have opened a new plant and need some solution to the following problem:
When the raw materials are transferred from one plant to another in as it is condition, then the cenvat credit originally availed has to be surrendered in supplying plant.(this is a statututory requirement in India)
The rate of ED was 16 % for the last 4-5 years. So there was no problem. But now since the rates have changed (16%, 14% 10% 8%), it has become essential to match the sales invoice with original purchase, and the cenvat credit originally availed.
Our requirement is that at the time of creating STO, we should get the details of original purchase and the cenvat credit originally availed so that it can be surrendered at the time of creating STO.
Please let us know, if any option is available in CIN version. We searched many notes but they were not of much help.
Any feedback from you will be highly appreciated.