Cenvat credit expansion allows textile dealers to claim input credit and treat outward sales as own manufacture for duty payment. Registered textile dealers may elect to take Cenvat credit on purchases and use it to pay duty on sales at sale price by treating clearances as manufacture; independent weavers may authorize agents to maintain accounts, prepare invoices and pay duty; filing date for stock declarations extended and traders allowed actual credit on processed fabric stocks; one-time credit rates for inputs and inputs-in-process as on the cut-off date notified under Rule 9A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cenvat credit expansion allows textile dealers to claim input credit and treat outward sales as own manufacture for duty payment.
Registered textile dealers may elect to take Cenvat credit on purchases and use it to pay duty on sales at sale price by treating clearances as manufacture; independent weavers may authorize agents to maintain accounts, prepare invoices and pay duty; filing date for stock declarations extended and traders allowed actual credit on processed fabric stocks; one-time credit rates for inputs and inputs-in-process as on the cut-off date notified under Rule 9A.
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