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

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