https://www.taxtmi.com/article/detailed?id=5554 The Finance (No. 2) Act, 2004 and the Central Excise Act, read together, treat education cess on excisable goods as a duty of excise subject to the Central Excise Act's rules on levy, collection, refunds and exemptions. Because "duty of excise" is equated with CENVAT under the Central Excise Act and Cenvat Credit Rules incorporate Act definitions, Cenvat credit of basic excise duty may be utilised to discharge education cess liabilities on excisable goods where no specific statutory restriction exists. en-us Sat, 05 Apr 2014 10:17:37 +0530 Sat, 05 Apr 2014 10:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5554 The Finance (No. 2) Act, 2004 and the Central Excise Act, read together, treat education cess on excisable goods as a duty of excise subject to the Central Excise Act's rules on levy, collection, refunds and exemptions. Because "duty of excise" is equated with CENVAT under the Central Excise Act and Cenvat Credit Rules incorporate Act definitions, Cenvat credit of basic excise duty may be utilised to discharge education cess liabilities on excisable goods where no specific statutory restriction exists. Articles Cenvat Credit Sat, 05 Apr 2014 10:17:37 +0530 https://www.taxtmi.com/article/detailed?id=5554