Rule 15 - Credit of duty on goods brought to the factory.

CENVAT credit entitlement for duty-paid goods brought to factory, with payment obligations if process is not manufacture.

Goods on which duty was earlier paid that are brought into a factory for re-making, refining, re conditioning or similar processes entitle the assessee to take CENVAT credit by recording the receipt; if the process is not manufacture the assessee must pay an amount equal to that credit, whereas if manufacture occurs duty is payable on removal at the applicable rate and value, with any duty paid being allowable as CENVAT credit. The Principal Commissioner or Commissioner may permit receipt and later removal subject to specified conditions where difficulties arise.