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<h1>Exploring CENVAT Credit Rules: Conditions for Availing Credit on Inputs, Capital Goods, and Input Services</h1> The CENVAT Credit Rules, 2004, outline conditions for availing CENVAT credit on inputs and capital goods. Credit on inputs can be claimed upon receipt in the manufacturer's or service provider's premises, including job workers, with specific provisions for jewelry and precious metals. Credit on capital goods is limited to 50% in the initial year, with full credit allowed if goods are cleared within the same year. The rules also address credit eligibility for leased goods, restrictions on claiming depreciation, and conditions for goods sent to job workers. Credit on input services is contingent on timely payment of invoices and service tax.