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TMI BlogEducation cess from BEDX X X X Extracts X X X X X X X X Extracts X X X X ..... Education cess from BED X X X X Extracts X X X X X X X X Extracts X X X X ..... from CENVAT credit of BED ? Reply By Sachin Agarwal: The Reply: In my view, Cenvat Credit in respect of the Education Cess can only be used only in respect of Education cess not BED Reply By GOKARNES ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AN.S SUBRAMANIAN: The Reply: There is no restriction to utilise the Cenvat credit of BED against payment of Education cess. The restriction is applicable only to duties of excise other than 'basic ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nvat duty credit'. Rule 3(4) of CCR says " The cenvat credit may be utilised for payment of (a) any duty of excise on any final product;... Sub rule (7) of Rule 3 of CCR says " Notwithstanding anythin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g contained in sub rule (1) and sub rule (4)........clause (b) restricts the utilisation of all duties such as ADE, CESS SHES etc only against the payment of such duties. In this rule, Cenvat on BED h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as not been included. Hence, in the absence of any such specific expression in sub rule (7)clause (b)in respect of Basic Cenvat Duty credit, the assessee has every right to utilise the credit of basic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cenvat duty for payment of any other duties. S. Gokarnesan advocate Chennai 098400 87349 X X X X Extracts X X X X X X X X Extracts X X X X
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