25 May 2011
We are registered under Central Excise as manufacturer.
We have balance of CENVAT Credit of Basic Excise duty, but no credit balance is available in respect of Ed. Cess and S.Ed Cess.
My question is, whether the CENVAT Credit of Basic Excise duty be get utilized for payment of Ed. Cess and S.Ed Cess on the final products u/r 3 of CENVAT Credit rules?