central excise duty -cenvat credit

[ASHISH YADAV]

Dear sir,

For the excise duty credit, it was not necessary to take 2% 1% duty off. please send the date of close of education shess of credit excise.

AI Summary

Clarification on CENVAT Credit Utilization Post-Cess Cessation; Potential Litigation Over Unused Credits Discussed A discussion on central excise duty and CENVAT credit addressed queries about the cessation of education cess and higher education cess, which ended on May 31, 2015, when the excise duty rate increased to 14%. Various participants referenced notifications and legal judgments, noting that manufacturers and service providers could utilize the cess for excise duty from March 1, 2015, and June 1, 2015, respectively. There was concern about the balance of cess credits and their utilization, with opinions suggesting potential litigation over the use of these credits. It was noted that cesses ceased under GST, except for specific luxury items.