Sir, as per 12/2015 Central Excise- NT,whether it mean that the EC & SHEC paid for the Inputs or Capital Goods received after 01/03/2015 to till date can be claimed as credit towards payment of Excise duty?
We have a Bearing bank in which bearings will be at our premises but the invoice will be raised at the time of requirement by us. The dealer charges EC & SHEC on excise Invoice even after 01/03/2015. cen we utilise that EC & SHEC towards payment of Excise Duty.
Can Education Cess and SHEC on inputs post-March 2015 be claimed as excise duty credit? Cenvat Credit Rules, 2004 discussed. A query was raised about whether Education Cess (EC) and Secondary and Higher Education Cess (SHEC) paid on inputs or capital goods received after March 1, 2015, can be claimed as credit towards excise duty payment. The discussion referenced the Cenvat Credit Rules, 2004, indicating that such credit can be utilized for excise duty under the Excise Tariff Act. There was also mention of Notification No. 22/15-ST concerning the applicability of EC and SHEC on service tax payments. Participants shared interpretations and thanked contributors for their insights. (AI Summary)
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