TMI BlogUTILIZATION OF Edu.cess and H.Edu.cessX X X X Extracts X X X X X X X X Extracts X X X X ..... we have Edu. cess and H.Edu. cess credits in our RG 23 PART II. Should we utilize these cess in payments of basic Ex.duty and if yes, what will be procedure to utilise. Thanks - Reply By Ganeshan Kalyani - The Reply = No you cannot take the credit. - Reply By KASTURI SETHI - The Reply = Dear Sh.Sanjay Jain, Pl. go through notifications appended below, (especially highlighted portion of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... both notifications). If you have still any doubt, your cross query is welcome. Cenvat Credit Rules, 2004 - Second Amendment of 2015 [Notification No. 12/2015-C.E. (N.T.), dated 30-4-2015] Cenvat Credit Rules, 2004 - Fifth amendment of 2015 [ Notification No. 22/2015-C.E. (N.T.), dated 29-10-2015 ] In Central Excise, the receipt of credit on Edu. Cesses prior to 1.3. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15 can be utilised towards BED and in Service Tax receipt of credit on Edu. cesses prior to 1.6.15 can be utilised towards any output service. Credit on Ed. Cesses received after 1.3.15 (in Central Excise) and after 1.6.15 (in Service Tax) cannot be utilised. Thus I endorse the view of Sh.Ganeshan Kalyani, Sir. I have just elaborated with Notifications amending Cenvat Credit Rules,2004. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Ganeshan Kalyani - The Reply = Sir I remember long back there was NCCD credit which after amendment was not allowed to take. The assesses were carry forwarding such credit in their books of accounts. Such is the case of Ed.cess and SH. Ed. Cess. - Reply By KASTURI SETHI - The Reply = Yes, Sir. your memory is sharp and correct. - Reply By Ganeshan Kalyani - The Reply = Sir than ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ks for your complement. Thanks. - Reply By sanjay jain - The Reply = A big thanks to shree Kasturi sethi ji and also to kalyani ji. - Reply By Jigesh vyas - The Reply = I can't understand that why gov.is not issuing any noti. on this issue? How many years we have to c.f. balance of edu. Cass and high edu. cess - Reply By KASTURI SETHI - The Reply = Sh.Vyas Ji, I think you have not fully r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ead both notifications. One Notification is missing in my reply. I further clarify as under:- In terms of Notification No.12/15-CE (NT) dated 30.4.15, Credit of HE and SHE Cess on the strength of invoices issued on and before 1.3.15 and received in the factory of the manufacturer of the final product on or after 1.3.15 can be utilised for payment of duty of Central Excise specified in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he First Schedule to the Excise Tariff Act . In other words, for your understanding towards BED. Similarly, In terms of Notification No.22/15-CE (NT) dated 29.10.15 , Credit of HE and SHE Cess on the strength of invoices issued on and before 1.6.15 and received in the premises of the provider of output service on or after 1.6.15 could be utilised for payment of Service Tax on any outp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ut service. The ACES system would accept the return. If any doubt, you may post cross question in this forum of TMI. - Reply By Ganeshan Kalyani - The Reply = Sir nice reply. Hope the query is resolved Thanks - UTILIZATION OF Edu.cess and H.Edu.cess - Query Started By: - sanjay jain Dated:- 9-6-2016 Central Excise - Got 9 Replies - Central Excise - Discussion Forum - Knowledge Sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ring, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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