TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification on AED Credit Use for CENVAT Payments Pre-March 2003; Law Ministry Reviewing Compliance Cases.</h1> The circular addresses the utilization of Additional Duty of Excise (AED) under the Additional Excise Duty (Goods of Special Importance) Act, 1957, for payment of CENVAT duty following amendments to the CENVAT Credit Rules, 2002. It clarifies that AED credit accrued before March 1, 2003, can be used for CENVAT duty payments. The Board is examining cases where manufacturers availed AED credit for inputs received prior to March 1, 2003, but not previously credited, as AED was not applicable to finished goods. The matter is under review by the Law Ministry, and field formations are instructed to protect revenue accordingly.
TaxTMI 