Set off of cenvat credit
mahesh (ca) (138 Points)
18 July 2014
Can the INTREST paid on delayed payment on excise duty be used as CENVAT Credit?
1 Replies
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 18 July 2014
No cannot be utilised , same to be paid in cash only...See Rule 3(4) and Rule 3(7) of Cenvat credit Rules,2004...
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