Cenvat credit of basic excise duty for payment of NCCD.

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....mmissioners of Central Excise (including LTU). Madam/Sir, Subject: Cenvat credit of basic excise duty for payment of NCCD Representations have been received from certain industry associations seeking a clarification whether Cenvat credit of the duty of excise specified in the First Schedule to the Central Excise Tariff Act (commonly known as basic excise duty) paid on inputs used in or in rela....

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....se on any final product. NCCD is a duty of excise levied under Section 136 of the Finance Act, 2001. The only restriction with regard to the utilization of Cenvat credit of any duty specified in sub-rule (1) for payment of NCCD is prescribed in the fifth proviso to sub-rule (4) whereby such credit cannot be utilized for payment of NCCD on goods falling under tariff items 8517 12 10 and 8517 12 90 ....