Cenvat

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 August 2014 Dear Professional, Please clarify the following case:

Basic excise duty credit can be utilized for payment of basic excise duty and education cess and secondary and higher education cess.


16 August 2014 You can not paid the edu. cess and SHE cess from basic excise duty.

16 August 2014 no you cannot pay the exicse duty from cess.


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 August 2014 as per rule 3(4)of CCR 2004.

The CENVAT credit may be utilized for payment of –
a) any duty of excise on any final product;

so, what is the meaning of the rule. kindly explain



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