Notiifcation no 12/2015-CENT dt. 30-04-2015, Central Excise

[SANDESH SHINDE]

Dear Sir,

As per notiifcation no 12/2015 CE (NT) dt.30.04.2015, whether we can utilized the balance of Education cess and She.cess credit availed on inputs lying before 01.03.2015 for payment of Basic Excise duty i.e. 12.5%,Please explain.thanks and regards.

Posts / Replies

[PAWAN KUMAR]

Dear Sir,

No, it can not be utilized. The Cenvat taken on or after 01.03.2015 of Ed.Cess 2% and Secondary Higher Education Cess 1% can be utilized for payment of duty of excise as per the recent notification 12/2015-CE (NT) Dated 30.04.2015.

[MARIAPPAN GOVINDARAJAN]

The views of Pawan Kumar is correct.