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In exercise of the powers conferred by rule 12 of the Central Excise Rules, 2002 and sub-rule (7) of rule 9 of CENVAT Credit Rules, 2004, and in supersession of the notification of the Government of India, Ministry of Finance (Department of Revenue), No.14/2004-Central Excise (N.T.), dated the 4th August, 2004 published vide G.S.R.495(E), dated the 4th August, 2004
Notification No. 23/2003-Central Excise dated the 31st March, 2003 was published vide G.S.R 266 (E),dated the 31st March, 2003. and was last amended by notification No.46/2004-Central Excise, dated the 6th September, 2004 [ G.S.R.567 (E), dated the 6th September, 2004.
The matter has been examined. It has been observed that EOUs are entitled to avail CENVAT Credit Scheme w.e.f . 06.09.2004 vide notification No. 18/2004-CE (N.T.) dated 6.9.2004. Thus, the EOUs who receive duty paid goods can avail input credit for the duty paid on such goods and utilize the credit for payment of duty on DTA clearances and if for some reasons, the credit cannot be utilized,
The notification No. 6/2002-Central Excise, dated the 1st March, 2002 was published in the Gazette of India, Extraordinary, vide G.S. R. 127 (E), dated the 1st March, 2002 and was last amended by notification No.50/2004, dated the 16th September, 2004 published vide No. G.S.R 615 (E), dated the 16th September, 2004.
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 to amend the CENVAT Credit Rules, 2004
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 6/2002-Central Excise, dated the 1st March, 2002 [G.S.R. 127 (E), dated the 1st March, 2002] and was last amended by notification No. 49/2004-Central Excise, dated the 15th September, 2004 [G.S.R. No. 612 (E), dated the 15th September, 2004.
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 6/2002-Central Excise, dated the 1st March, 2002 [G.S.R. 127 (E), dated the 1st March, 2002] and was last amended by notification No. 48/2004-Central Excise, dated the 10th September, 2004 [G.S.R. No. 583 (E), dated the 10th September, 2004.
The principal notification was published in the Gazette of India, Extraordinary, vide notification No. 6/2002-Central Excise, dated the 1st March, 2002 [G.S.R. 127 (E), dated the 1st March, 2002] and was last amended by notification No.47/2004-Central Excise, dated the 9th September, 2004 [G.S.R. No. 581 (E), dated the 9th September, 2004.
These rules may be called the CENVAT Credit Rules, 2004.(2) They extend to the whole of India:Provided that nothing contained in these rules relating to availment and utilization of credit of service tax shall apply to the State of Jammu and Kashmir.
The principal notification was published in the Gazette of India, Extraordinary, vide number G.S.R.127 (E), dated the 1st March, 2002, and was last amended by notification No. 45/2004-Central Excise, dated the 27th August, 2004 and published vide number G.S.R. 548 (E), dated the 27th August, 2004.
