adjustment of Addtional Duty of Customs(SAD-4%)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2011
Dear Sir,
Kindly advise me the following points
:
We are manufacturer Exporter
We have a huge balance of Cenvat Credit of SAD-4% (Customs). Shall we adjust the same with 1.Education Cess 2%, 2.SH Education Cess 1%, 3.Basic Excise Duty?
Please advise for the same.
Please provide if any clerification/Notification if any?
Kindly advise me the following points
:
We are manufacturer Exporter
We have a huge balance of Cenvat Credit of SAD-4% (Customs). Shall we adjust the same with 1.Education Cess 2%, 2.SH Education Cess 1%, 3.Basic Excise Duty?
Please advise for the same.
Please provide if any clerification/Notification if any?
23 February 2011
SAD credit can be used for payment of excise duty.
Education cess credit can be used to pay education cess only and vice versa.
Education cess credit can be used to pay education cess only and vice versa.
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