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CENVAT Credit utilization for Payment of Ed. Cess

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 May 2011 We are registered under Central Excise as manufacturer.

We have balance of CENVAT Credit of Basic Excise duty, but no credit balance is available in respect of Ed. Cess and S.Ed Cess.

My question is, whether the CENVAT Credit of Basic Excise duty be get utilized for payment of Ed. Cess and S.Ed Cess on the final products u/r 3 of CENVAT Credit rules?
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Ashish Goyal

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Ashish Goyal (Expert)
25 May 2011 Yes,Credit of excise duty can be used for payment of Ed.Cess and S. Ed. Cess but not vise versa...
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