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treatment of balance Edu. Cess & H.Edu. Cess

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..... treatment of balance Edu. Cess & H.Edu. Cess
Query (Issue) Started By: - manan pandya Dated:- 23-7-2015 Last Reply Date:- 3-8-2015 Central Excise
Got 3 Replies
Central Excise
Dear Experts .....

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..... , we are manufacturer of dutiable goods and we are taking input credit of Raw Material , service tax etc. which are acceptable as per cenvat credit rules.but we have credit balance of Raw Material an .....

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..... d service tax in Edu. Cess & H. Ed.Cess and at present time some Dealer who passes their old material with charging Edu. Cess & H.Edu. Cess these credit balance still we have not utilised after 01/04/ .....

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..... 2015 so now what is the way ?? can we utilise against basic ex.duty ? or some other way ? pls. let me know and clear my confusion.. regards, Manan Pandya. Reply By YAGAY AND SUN: The Reply: You c .....

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..... an utilized it if the goods are being received on or after 01 March 2015. It has been notified and clarified by the Board. Accumulated SHE and EDCESS cannot be utilized. Reply By vasudevan unnikrishn .....

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..... an: The Reply: Yes credit of cesses on receipts after 1/3/2015 only can be used for payment of new basic duty. Let the balance be kept and carry forward, so that future demands can be adjusted... Repl .....

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..... y By manan pandya: The Reply: thank you experts for your value able reply.
Discussion Forum - Knowledge Sharing .....

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