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TMI BlogPayment of ED Cess and SH Cess from BED Cenvat a/cX X X X Extracts X X X X X X X X Extracts X X X X ..... Payment of ED Cess and SH Cess from BED Cenvat a/c X X X X Extracts X X X X X X X X Extracts X X X X ..... y 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 excise' includes both ECess and SHE Cess as well. There 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 b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y 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 duty 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 ex ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pressed 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:
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 X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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