Payment of ED Cess and SH Cess from BED Cenvat a/c

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..... Dear sir, Can CENVAT Credit of Basic Excise Duty be used for payment of Education Cess / Secondary and Higher Education Cess? please let us know the provisions of rules if it is allowed srinivas - Reply By Vijay Chitte - The Reply = In terms of Rule 3(4) (a) , credit of duty of excise may be utilized for payment of any duty of excise' on any final product and as mentioned above duties of ex .....

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..... cise' includes both ECess and SHE Cess as well. T here is no restriction prescribed under Rule 3(7) of the CENVAT rules about such utilization of credit of basic duty (or basic excise duty) which is governed by Rule 3(4) (a) . in absence of any restriction and as provided under Rule 3(4) of Cenvat Credit Rules, 2004 the CENVAT credit of basic duty may be utilized for payment of any dut .....

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..... y of excise on any final product. Credit of basic excise duty can be utilised for payment of education cess and SAHE cess but not vice versa allowable. - Reply By sv bhasker - The Reply = I am in agreement with the views expressed by Shri Vijay Chitte. - Reply By raj kumar shukla - The Reply = yes. it can be used. Rule itself providesfor the same - Reply By SRINIVAS MADALA - The Reply = .....

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..... thanks for giving rule provisions how could i transfer from BED to Cess since we have no balance in ED SH cess a/c for payment please advise - Reply By raj kumar shukla - The Reply = you can simply debit the same from BED balance - Payment of ED Cess and SH Cess from BED Cenvat a/c - Query Started By: - SRINIVAS MADALA Dated:- 28-9-2012 Central Excise - Got 5 Replies - Central Exci .....

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..... se - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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