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of <h1>CENVAT Rules Updated: New Definitions, Expanded Credit Eligibility for Manufacturers, and Aligned Export Provisions Effective April 2000.</h1> The circular addresses clarifications and modifications to the CENVAT Rules, effective from April 1, 2000. Key changes include a revised definition of capital goods, now explicitly including components, spares, and accessories, and eligibility for CENVAT credit for air-conditioners, refrigerating equipment, and computers used in manufacturing. CENVAT credit is also applicable to inputs in waste or by-products and goods sent to job workers if returned within 180 days. The circular permits credit for purchases from registered dealers and clarifies credit for capital goods received before April 1, 2000. Additional excise duties are included, and provisions for exports align with modvat rules. The document emphasizes the importance of reducing disputes and ensuring uniform application of the rules.
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