TIOL-DDT 1392 · Thursday, 1 July 2010 · story 4 of 5
CENVAT Credit cannot be used for payment of Clean Energy Cess
By Vijay Kumar
GOVERNMENT has amended the CENVAT Credit Rules to stipulate that, “the CENVAT credit of any duty specified in sub-rule (1) shall not be utilized for payment of the Clean Energy Cess leviable under section 83 of the Finance Act, 2010 (14 of 2010)”