https://www.taxtmi.com/caselaws?id=236776 For inputs received from a 100% EOU, Cenvat credit must be computed strictly under Rule 3(7) of the Cenvat Credit Rules, 2004 and the prescribed formula. The Tribunal accepted that the disputed education cess and secondary and higher education cess amounts were not credit wrongly taken on customs duty, but only cess elements worked out in the duty-calculation process. On that basis, credit was allowed for the amounts other than Rs. 3,544 and Rs. 1,772, which were held inadmissible. The appeal therefore succeeded to the extent of the balance credit, with only the two specified cess components disallowed. en-us Fri, 11 May 2012 00:00:00 +0530 Sat, 07 Sep 2013 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236776 For inputs received from a 100% EOU, Cenvat credit must be computed strictly under Rule 3(7) of the Cenvat Credit Rules, 2004 and the prescribed formula. The Tribunal accepted that the disputed education cess and secondary and higher education cess amounts were not credit wrongly taken on customs duty, but only cess elements worked out in the duty-calculation process. On that basis, credit was allowed for the amounts other than Rs. 3,544 and Rs. 1,772, which were held inadmissible. The appeal therefore succeeded to the extent of the balance credit, with only the two specified cess components disallowed. Case-Laws Central Excise Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236776