https://www.taxtmi.com/caselaws?id=760204 Accumulated Education Cess and Secondary and Higher Education Cess credit lying unutilised on 01.03.2015 was treated as available for payment of central excise duty after the amendment to Rule 3(7)(b) of the Cenvat Credit Rules, 2004 by Notification No. 12/2015-CE(NT). The amendment was read as permitting use of such credit for duty payment on specified post-01.03.2015 inputs, capital goods and input services, and the notification was not read as causing pre-existing credit to lapse or become unusable. On that basis, the credit remained utilizable and the demand and penalty were set aside. en-us Thu, 29 Aug 2024 00:00:00 +0530 Fri, 18 Oct 2024 09:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760204 Accumulated Education Cess and Secondary and Higher Education Cess credit lying unutilised on 01.03.2015 was treated as available for payment of central excise duty after the amendment to Rule 3(7)(b) of the Cenvat Credit Rules, 2004 by Notification No. 12/2015-CE(NT). The amendment was read as permitting use of such credit for duty payment on specified post-01.03.2015 inputs, capital goods and input services, and the notification was not read as causing pre-existing credit to lapse or become unusable. On that basis, the credit remained utilizable and the demand and penalty were set aside. Case-Laws Central Excise Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760204