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of <h1>Rule 3 Cenvat Credit Rules, 2004: Broad Cenvat utilisation, removal liabilities, capital goods depreciation, and special EOU/cess rules</h1> Rule 3 of the Cenvat Credit Rules, 2004 permits availing credit of specified duties, taxes and cesses (including CVD/SAD) on inputs, input services and capital goods; credit is also allowed on inputs/in-process/final products in stock when an assessee begins paying duty. Cenvat may be utilized broadly without one-to-one linkage to final products or services. Removal 'as such' generally requires payment equal to credit (with exceptions for service providers' outward removals for service provision and manufacturers' free warranty supplies); capital goods removed after use require payment after prescribed depreciation; provisions cover write-offs, remission-related reversals, and creditability to recipients of such payments. Special rules apply to EOUs and to education cess set-off from March 1, 2015. Manufacturers providing services may freely use manufacturing credits for service tax and vice versa, with no mandated segregation.
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