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of <h1>CENVAT Credit Rules 2017: Key Definitions for CENVAT Credits Including 'Exempted Goods' and 'Electronic Credit Ledger' Explained</h1> The CENVAT Credit Rules, 2017, provide definitions for terms relevant to the application of CENVAT credits. Key definitions include 'Customs Tariff Act,' referring to the Customs Tariff Act of 1975, and 'electronic credit ledger,' as per the Central Goods and Services Tax Act, 2017. 'Exempted goods' are excisable goods exempt from excise duty, while 'final products' are manufactured from inputs. 'First stage dealer' and 'second stage dealer' refer to dealers purchasing goods directly from manufacturers or other dealers. 'Input' excludes high-speed diesel and petrol, and 'job work' involves processing materials supplied to a job worker. 'Place of removal' includes factories, warehouses, and depots. Terms not defined here follow the Excise Act definitions.
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