Budget 2015- Queries & Answers- Part I

Anandaday Misshra, Advocate , Last updated: 03 March 2015  
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Unutilised Credit of CESS Q 1.What will be the fate of credit ofEducation Cess and Secondary and Higher Education Cess lying unutilized after it being subsumed in basic excise duty? Answer: Firstly , it will not lapse since no lapsing provision is existing as on date for the same.

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Anandaday Misshra, Advocate
(Finance Professional)
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