Dear Experts
We are the manufacturing Concern and we are availing CENVAT credit for our inputs. After withdrawn of CESS & SHECESS in last budget, Some of our supplier(Dealer) charging CESS & SHECESS for their old stock clearance during April'15 to till date. Whether we can avail this CESS & SHECESS and utilise for duty payment.
Regards
Vivekanandhan
Experts Debate CENVAT Credit Use for CESS and SHECESS Post-Withdrawal; Await CBEC Clarification per Notification 12/2015. A manufacturing company inquired about utilizing CENVAT credit for CESS and Secondary and Higher Education Cess (SHECESS) charged by suppliers for old stock, despite their withdrawal in the recent budget. An expert cited Notification No. 12/2015, allowing such credit for inputs received after March 1, 2015. Another expert confirmed its utilization, while a third raised concerns about using credit for CESS and SHECESS existing as of February 28, 2015, due to a lack of clarifying notifications. The discussion highlighted the need for official clarification from the Central Board of Excise and Customs (CBEC) on this matter. (AI Summary)
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