Cenvat

This query is : Resolved

Querist : Anonymous

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.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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16 August 2014 You can not paid the edu. cess and SHE cess from basic excise duty.

Rupesh Jain

Rupesh Jain (Expert)
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16 August 2014 no you cannot pay the exicse duty from cess.

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Querist : Anonymous

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