Credit of edu. cess & sec. hr. edu. cess
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2012
Dear All,
Please give right ans of my query mention below:
We have imported some material from china, due to amendment in finance act 2012 edu. cess and Sec & Hr. edu. cess is applicable only one time due to public interest.
My question is that can we take credit on proportional basis of education cess which is levied on BCD & CVD Jointly.
In Bill Of Entry only mention custom education cess.
Please give right ans of my query mention below:
We have imported some material from china, due to amendment in finance act 2012 edu. cess and Sec & Hr. edu. cess is applicable only one time due to public interest.
My question is that can we take credit on proportional basis of education cess which is levied on BCD & CVD Jointly.
In Bill Of Entry only mention custom education cess.
RAMESH KUMAR VERMA
(Expert)
01 June 2012
Credit of education cess paid on input goods and paid on input services is inter-changeable. Similarly, credit of SAH Education cess paid on input goods and paid on input services is inter-changeable.
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