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TMI BlogCenvat Credit of CESS & SHECESSX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts We are the manufacturing Concern and we are availing CENVAT credit for our inputs. After withdrawn of CESS SHECESS in last budget, Some of our supplier(Dealer) charging CESS SHECESS for their old stock clearance during April'15 to till date. Whether we can avail this CESS SHECESS and utilise for duty payment. Regards Vivekanandhan - Reply By Neeraj Sharma - The Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply = Notification No. 12/2015 CE (NT) dated 30-04-2015, which is reproduced below for your convenience: 2. In the CENVAT Credit Rules, 2004 (hereinafter referred to as the said rules), in rule 3 , in sub-rule (7), in clause (b), after the second proviso, the following shall be substituted, namely:- Provided also that the credit of Education Cess and Secondary and Higher Educa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion Cess paid on inputs or capital goods received in the factory of manufacture of final product on or after the 1st day of March, 2015 can be utilized for payment of the duty of excise leviable under the First Schedule to the Excise Tariff Act. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Yes, you can utilize. - Reply By Ganeshan Kalyani - The Reply = I would like to discuss further on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the credit of education cess and secondary and higher education cess lying as of 28.02.2015. What if the credit is availed? I could not recollect right now the article I read where the author justified that credit lying as of 28.02.2015 should be eligible. Kindly discuss on the subject. - Reply By Ganeshan Kalyani - The Reply = The credit of Education Cess and Secondary and Higher Education Cess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on goods received after 28.02.2015 is available. However there is no clarity as regards the credit of Education Cess and Secondary and Higher Education Cess lying as of 28.02.2015. Department objects utilization of such credit in absence of clarificatory notification. Big big industries are waiting for such clarification from department. I think the assessee should make noise to allow the credit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 2% 1 credit lying in the books as of 28.02.2015. - Reply By Ganeshan Kalyani - The Reply = The question shall prevail endless or should a clarification be awaited for the Ed. Cess and SH Ed.Cess credit lying in books as of 28.02.2015 from CBEC. - Cenvat Credit of CESS & SHECESS - Query Started By: - Vivek anandhan Dated:- 24-11-2015 Central Excise - Got 5 Replies - Central Excise - Dis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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