Cenvat credit of basic excise duty for payment of NCCD.

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.... 2012.   To   All Directors General, All Chief Commissioners of Central Excise (including LTU), All Commissioners of Central Excise (including LTU).   Madam/Sir,    Subject: Cenvat credit of basic excise duty for payment of NCCD               Representations have been receive....

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....n any goods in respect of which the benefit of exemption under notification No.1/2011-CE dated 01.03.2011 or Sl. Nos. 67 and 128 of notification No.12/2012-CE dated 17.03.2012 is availed.  According to sub-rule (4) of rule 3 of Cenvat Credit Rules, 2004, credit may be utilized for payment of any duty of excise on any final product.  NCCD is a duty of excise levied under Section 136 of th....

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....of Rule 3(4) (a) of the CENVAT Credit Rules that allow the credit of basic excise duty to be utilised for payment of NCCD. 4.         From a combined reading of these provisions, it is evident that barring exceptions in the fifth proviso to rule 3(4), credit of basic excise duty paid on inputs used in or in relation to the manufacture of final products is....