Utilization of Cenvat Credit of AED TTA

[deepak kalambate]

Dear Sir,

Pl let us know whether we can use Cenvat Credit of AED (TTA) for payment of Basic Excise Duty

 

AI Summary

Can Cenvat Credit of AED (TTA) Be Used to Pay Basic Excise Duty? Consult Rule 4, 5th Proviso. A query was raised regarding the possibility of using Cenvat Credit of AED (TTA) for paying Basic Excise Duty. The response directed the inquirer to consult the 5th proviso to Rule 4 of the CENVAT Credit Rules, 2004 for guidance on this matter.