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Central Excise - Highlights / Catch Notes

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CENVAT Credit - Clean Energy Cess - the intent of legislation is ...


New Legislation: No CENVAT Credit for Clean Energy Cess; Separate Accounts Required with Parliamentary Approval for Use.

October 10, 2022

Case Laws     Central Excise     AT

CENVAT Credit - Clean Energy Cess - the intent of legislation is very clear not to allow the cenvat credit of Clean Energy Cess. This is evident as the Central Government is providing for maintaining separate accounts of Clean Energy Cess, to be utilized for specific purposes upon sanction by the Parliament. - AT

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