Rule 12 of the CENVAT Credit Rules, 2004 provides that CENVAT credit on specified inputs or capital goods cleared from the factories located in specified areas of North East region, Kutch district of Gujarat, State of Jammu and Kashmir and State of Sikkim shall be admissible as if the duty paid on such inputs or capital goods is not exempted.
Notification No. 01/2012-Central Excise (N.T.) dated 09.02.2012 has amended the said rule to provide that in the aforesaid case, credit of duty paid on inputs or capital goods, on which the benefit of an exemption under Notification No. 1/2011-C.E. dated the 1st March, 2011 is availed, will not be allowed.

New Delhi, the 09th February, 2012

Notification No. 01/2012-Central Excise (N.T.)

G.S.R.-(E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely :-

1. (1) These rules may be called the CENVAT Credit (First Amendment) Rules, 2012.

(2) They shall come into force from the date of publication in the Official Gazette.

2. In the CENVAT Credit Rules, 2004, in rule 12, for the words For the words not with standing anything contained in these rules” the words “notwithstanding anything contained in these rules but subject to the proviso to clause (i) of sub rule (1) of the rule 3” shall be substituted.



Under Secretary to the Government of India

Note The principal rules vide notification No. 23/2004-Central Excise (N.T.), dated the 10th September 2004 published in the Gazette of India Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. No. 600(E), dated the 10th September, 2004 and last amended vide notification No. 13/2011-Central Excise (N.T.), dated 31th March, 2011 vide G.S.R. 286 (E), dated the 31st March, 2011.

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  1. jana says:

    sir,we are using motor vehicles for manufacturing of high carbon ferro chrome and paying general insurance so we required to take service tax credit on general insurance.

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