This amendment has raised questions regarding fate of cess, majorly, in following cases:
To remove difficulties, Central Government has issued Notification No. 12/2015-CE (NT) dated 30th April, 2015 to provide provisions for utilisation of CENVAT Credit of cess for the purpose of payment of Excise Duty in following cases:
Therefore, though Central Government has allowed to utilise CENVAT Credit of cess in three cases mentioned in Para supra; fate of cess in respect of point no. a, b, c, and e is still full of doubts.
Here, it is pertinent to mention that similar doubts will also arise for Service Providers at the time of applicability of new Service Tax rate. Hope to see similar amendment in CENVAT Credit Rules, 2004 parallel with introduction of new rate of Service Tax to remove scope of difficulty as faced by manufacturers.
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