https://www.taxtmi.com/article/detailed?id=6242 The amendment to Rule 3(7)(b) CCR allows CESS cenvat credit to be used for excise duty only for inputs, capital goods and input services received in the manufacturer's factory on or after 1 March 2015 (with a fifty percent transitional rule for certain capital goods in 2014 15). Consequently, CESS balances attributable to items received on or before 28 February 2015 remain unusable for payment of duty; marginal exceptions exist for goods invoiced before 1 March but received later and for input services received on or after 1 March 2015 while service tax CESS persists. Unutilized CESS credits may nevertheless be carried forward and used in specific limited situations. en-us Mon, 04 May 2015 06:46:49 +0530 Mon, 04 May 2015 06:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6242 The amendment to Rule 3(7)(b) CCR allows CESS cenvat credit to be used for excise duty only for inputs, capital goods and input services received in the manufacturer's factory on or after 1 March 2015 (with a fifty percent transitional rule for certain capital goods in 2014 15). Consequently, CESS balances attributable to items received on or before 28 February 2015 remain unusable for payment of duty; marginal exceptions exist for goods invoiced before 1 March but received later and for input services received on or after 1 March 2015 while service tax CESS persists. Unutilized CESS credits may nevertheless be carried forward and used in specific limited situations. Articles Central Excise Mon, 04 May 2015 06:46:49 +0530 https://www.taxtmi.com/article/detailed?id=6242