TREATMENT OF SEC. CESS1%

Ramkrishna (Accountant) (325 Points)

10 May 2007  
IS THE NEW IMPOSED 1% SEC. E. CESS TO BE  TRAETED SEPERATLY. OR IT CAN BE AVAILABLE FOR UTILISATION AGAINST EXISTING 2% e. CESS.? PLZ SUGGEST IF ANY HAD SEEN  THE PRCTICE ADOPTED BY ANY ASSESSE?