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CENVAT BALANCE

Central Excise - Started By: - Vishnu Dutt Gupta - Dated:- 8-3-2017 Last Replied Date:- 14-3-2017 - Dear Sir, If Assessee have in Education Cess & SHEC as on date. As per notification 12/2015 CE(NT) Provided also that the credit of Education Cess and Secondary and Higher Education Cess paid on input services received by the manufacturer of final product on or after the 1st day of March, 2015 can be utilized for payment of the duty of excise specified in the First Schedule to the Excise Tarif .....

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D.O.F.No.334/5/2015-TRU dated 30.04.2015 issued by Joint Secretary (TRU-I) clarifies that- 1) Rule 3(7)(b) of the CCR, 2004 has been amended so as to allow utilisation of credit of Education Cess and Secondary & Higher Education Cess for payment of basic excise duty in the following situations: a. Education Cess and Secondary & Higher Education Cess on inputs or capital goods received in the factory of manufacture of final product on or after the 1st day of March, 2015; b. Balance 50% E .....

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. The intent of the Government is that such balance would lapse. The only remedy available is to seek intervention of High Courts in exercise of their extra-ordinary powers under Art. 226 of Constitution of India. - Reply By Himansu Sha - The Reply = Sorry sir, you are correct. This aspect is clarified at point no B21 of the tariff conf. Minutes - Reply By Ganeshan Kalyani - The Reply = Yes there is no clarify as regard the closing balance of Cenvat as on 28.02.2015. And as regard carry forward .....

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