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<h1>CENVAT Credit Rules, 2004: Claiming Credits for Duties and Taxes with Restrictions on Exemptions and Utilization Procedures</h1> The CENVAT Credit Rules, 2004, allow manufacturers and service providers to claim credit on various duties and taxes paid on inputs, capital goods, and input services. Credits can be used to offset excise duties and service taxes on final products or services. However, credits are restricted if exemptions under specific notifications are availed. The rules detail conditions for credit utilization, including restrictions on certain duties and cesses. They also outline procedures for credit reversal when goods or services cease to be exempt or are removed from the factory. Amendments and notifications periodically update these provisions.