https://www.taxtmi.com/caselaws?id=355843 The CENVAT Credit Rules, 2004 allowed Education Cess credit only against Education Cess and Secondary and Higher Education Cess credit only against the corresponding cess, so cross-utilisation against excise duty or service tax was never permitted. The later abolition of those cesses operated prospectively, and the limited concessions introduced in Rule 3(7)(b) applied only to specified transactions from the notified dates. Budget speech references to the cesses being "subsumed" could not override the statutory scheme or create an enforceable vested right to cross-utilise accumulated cess credit, and earlier Supreme Court rulings on credit lapsing were distinguishable on their facts and statutory context. en-us Thu, 15 Feb 2018 00:00:00 +0530 Fri, 14 Sep 2018 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355843 The CENVAT Credit Rules, 2004 allowed Education Cess credit only against Education Cess and Secondary and Higher Education Cess credit only against the corresponding cess, so cross-utilisation against excise duty or service tax was never permitted. The later abolition of those cesses operated prospectively, and the limited concessions introduced in Rule 3(7)(b) applied only to specified transactions from the notified dates. Budget speech references to the cesses being "subsumed" could not override the statutory scheme or create an enforceable vested right to cross-utilise accumulated cess credit, and earlier Supreme Court rulings on credit lapsing were distinguishable on their facts and statutory context. Case-Laws Service Tax Thu, 15 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355843