Utilisation of credit of AED (GSI) towards payment of Cenvat duty- reg

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..... ovide for utilization of credit of Additional Duty of Excise leviable under Additional Excise Duty (Goods of Special Importance) Act, 1957{AED(GSI)} for payment of CENVAT duty. Subsequently, Board had issued a circular No. 700/16/2003-CX dated 6th March, 2003 stating that the reason for the amendment of CENVAT Credit Rules, 2002 existed even prior to 1.3.2003 by way of deletion of article 272 of C .....

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..... en referred to Law Ministry for their opinion whether credit of AED (GSI) accrued prior to 1.3.2003 can be availed of and used for the payment of CENVAT duty as well as AED (GSI) on or after 1.3.2003. Accordingly, it is advised that necessary action to protect the revenue may be taken notwithstanding anything contained in the Board's circular No. 700/16/2003-CX dated 6th March, 2003 on this issue. .....

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