TaxTMI 
TaxTMI 
TaxTMI 
Dear All,
Please let me know Under which notification we use Credit balance of Basic Excise Duty to make payment of Edu.Cess & SHE Cess....???
Under which notification we use Basic Excise Duty to make payment of Edu.Cess & SHE Cess
Chintan Shah
Can Basic Excise Duty Credit Be Used for Education and Higher Education Cess? Insights from Cenvat Credit Rule 3(4). A query was raised regarding the notification under which the credit balance of Basic Excise Duty can be used to make payments for Education Cess and Secondary and Higher Education Cess. The issue is contentious with judgments on both sides. Reference was made to Cenvat Credit Rule 3(4) and judgments involving BBF Industry and Sun Pharma. A favorable judgment from the Ahmedabad Tribunal in the case of Savita Oil Technologies Ltd. versus CCE Vapi was also mentioned for further insight. (AI Summary)