CENVAT credit utilisation restrictions: specified additional duties may be used only to pay corresponding excise duties on products or inputs. The amendment narrows CENVAT credit utilisation by listing four specified duties-textile additional duty, National Calamity Contingent duty, an equivalent additional customs duty, and an additional duty under the Finance Act, 2003-and providing that credit in respect of these duties may be used only to pay the corresponding duty on final products or on inputs when removed as such or after partial processing. An explanation permits credit of the additional duty under the Goods of Special Importance Act, 1957 to be utilised toward duties under either the First or Second Schedule of the Central Excise Tariff.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
CENVAT credit utilisation restrictions: specified additional duties may be used only to pay corresponding excise duties on products or inputs.
The amendment narrows CENVAT credit utilisation by listing four specified duties-textile additional duty, National Calamity Contingent duty, an equivalent additional customs duty, and an additional duty under the Finance Act, 2003-and providing that credit in respect of these duties may be used only to pay the corresponding duty on final products or on inputs when removed as such or after partial processing. An explanation permits credit of the additional duty under the Goods of Special Importance Act, 1957 to be utilised toward duties under either the First or Second Schedule of the Central Excise Tariff.
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