Wrongly credit taken of education cess

1.Whether credit in basic account (12%) was always available more than Rs.12000/-till April,2014 2.If yes, you can debit without any interest And intimate the dept. to avoid penalty. 3. If there was balance below the amount in question and continued above 30 days, then you may face great problem because Rule 8(3A) of Central Excise Rules,2002 provides that in such case, party has to deposit excise duty only in cash due on all goods till the dae of short payment good alongwith interest.

 

Raksh*t

 

9810525780  888 281 281 8

Sir, In this regard you can reverse the same duty which are taken excess with interest and interest will be come out in the force when you taken wrongly such duty. It means that time you passed the wrong entry in the book. Further you also can be passed such duty through Cenvat account or PLA account. Either concept chose by you.