Shortage Of Ed Cess & Hed 1%, Central Excise

[Avinash Bhavsar]

Dear Sir,

We do'nt have the sufficient fund in Ed Cess 2% and Hed 1% can we debit this amount form CENVAT credit or deposits the mat in the bank.

Regads,

Avinash Bhavsar

Posts / Replies

[JAMES PG]

The sub-rule (4) of Rule 3 of the Cenvat Credit Rules, 2004 provides that Cenvat Credit can be utilized for payment of any duty of excise on any final product. Education Cess & S&H Education Cess are duties of excise

[Pradeep Khatri]

Yes, you may utilise the credit of basic excise duty for the payment of Cess under Rule 3(4)(a) of the CENVAT credit Rules, 2004, as amended time to time.