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Cenvat credit cess balance
Whether the Credit of Education Cess and Secondary and Higher Education Cess paid on inputs or capital goods before 1 mar 15 can be utilized for payment of the duty of excise
Replies (2)
No,
Cenvat rules have diff account codes for cenvat / edu cess and S&HS EC , and its not interchangable
Accumulated EC + SHEC cannot be utilised presently. Refund maybe possible but has to be tried out.
It can be carried forward with a hope that once GST is introduced, it maybe allowed to be converted to GST credit.
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