Cenvat credit of EC & SHEC

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..... Cenvat credit of EC & SHEC
Query (Issue) Started By: - Aitha RajyaLakshmi Dated:- 1-4-2017 Last Reply Date:- 1-4-2017 Central Excise
Got 5 Replies
Central Excise
Sir, as per 12/2015 Central Excise- NT,whether it mean that the EC & SHEC paid for the Inputs or Capital Goods received after 01/03/2015 to till date can be claimed as credit towards payment of Excise duty? We have a Bearing .....

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..... bank in which bearings will be at our premises but the invoice will be raised at the time of requirement by us. The dealer charges EC & SHEC on excise Invoice even after 01/03/2015. cen we utilise that EC & SHEC towards payment of Excise Duty. Reply By Rajagopalan Ranganathan: The Reply: Madam, As per third proviso to rule 3 (b) of Cenvat Credit Rules, 2004 "the credit of Education Cess a .....

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..... nd Secondary and Higher Education 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: Whether EC & SHEC can be utilized towards payment of service tax by the servic .....

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..... e provider? Reply By KASTURI SETHI: The Reply: Sir,. For this Notification no. Is 22/15- ST. Reply By KASTURI SETHI: The Reply: I think HE and SHE Cess must be paid on or before 1.3.15 on capital goods, inputs. For I input services the date is mentioned in Notification no.22/15- ST Reply By MARIAPPAN GOVINDARAJAN: The Reply: Thank you Ranganathan Sir
Discussion Forum - Knowledge Sharing .....

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