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

 

[YAGAY and SUN]

kindly refer 5th provisio to Rule 4 of the CENVAT credit Rules, 2004 in this regard.

AI Summary

Cenvat credit use for basic excise duty governed by proviso to CENVAT Credit Rules; check applicable conditions. Permissibility of using Cenvat credit of AED (TTA) for payment of Basic Excise Duty is governed by the proviso to Rule 4 of the CENVAT Credit Rules, 2004; compliance with the conditions and limitations in that proviso determines whether such utilization is allowed.