UTILIZATION OF Edu.cess and H.Edu.cess

[Guest]

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

AI Summary

Education Cess Credits from RG 23 PART II Not Usable for Basic Excise Duty Payments, Per Cenvat Credit Rules Amendments. A user inquired about utilizing education cess and higher education cess credits from their RG 23 PART II for basic excise duty payments. Responses indicated that such credits could not be utilized for these payments. References were made to specific notifications amending the Cenvat Credit Rules, 2004, which clarified that credits on education cesses received before certain dates could be used for basic excise duty or service tax payments, but not those received after. The discussion highlighted the lack of recent government notifications on this issue, and participants expressed gratitude for the clarifications provided.