SHE included as ‘duty’
“Secondary and Higher Education Cess on excisable goods” has been included in the list of duties for clearances of goods for export without payment of duty or under claim for rebate of duty.
Notifications No. 19/2004-CE(NT), No. 20/2004-CE(NT), No. 21/2004-CE(NT), 42/2001-CE(NT), No. 43/2001-CE(NT) amended. Earlier there was a long dispute as education cess was not included in the list of duties and several Show Cause Notices were issued. Now the Board wants to plug the loophole but the Board is late by a week. The SHE Cess was applicable from 1.3.2007 and now the exemption for export for SHE Cess is applicable from 8.3.2007. What will happen for the period from 1.3.2007 to 8.3.2007? Again litigation?
NOTIFICATION NO. 17 and , Dated: March 8, 2007