https://www.taxtmi.com/caselaws?id=381245 The Tribunal held that notification 12/2015-CE (NT) dated 30.04.2015 allowing utilization of Education Cess (EC) and Secondary & Higher Education Cess (SHEC) credit for Basic Excise Duty applied prospectively from its publication date. The appellant's argument that the notification had retrospective effect to 01.03.2015 was rejected. The Tribunal affirmed the demand against the appellant for wrongly utilizing EC & SHEC credit before 30.04.2015, emphasizing the prospective nature of fiscal statutes. The appeal was dismissed, upholding the lower authorities' decision. en-us Thu, 16 May 2019 00:00:00 +0530 Thu, 21 Nov 2019 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381245 The Tribunal held that notification 12/2015-CE (NT) dated 30.04.2015 allowing utilization of Education Cess (EC) and Secondary & Higher Education Cess (SHEC) credit for Basic Excise Duty applied prospectively from its publication date. The appellant's argument that the notification had retrospective effect to 01.03.2015 was rejected. The Tribunal affirmed the demand against the appellant for wrongly utilizing EC & SHEC credit before 30.04.2015, emphasizing the prospective nature of fiscal statutes. The appeal was dismissed, upholding the lower authorities' decision. Case-Laws Central Excise Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381245