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of <h1>Understanding Cenvat Credit Rules: Conditions for Inputs, Capital Goods, and Input Services under Rule 4 of CCR</h1> Rule 4 of the Cenvat Credit Rules (CCR) outlines conditions for allowing Cenvat credit for inputs and capital goods. Credit for duty paid on inputs is available upon receipt at the manufacturer's facility, while credit for input services is allowed after payment for services and tax. Credit is permissible for capital goods acquired through lease or financing, but not if depreciation is claimed under the Income Tax Act. Specific provisions exist for jigs, fixtures, moulds, and dies sent to job workers. Credit for capital goods is limited to 50% in the year of receipt, with the balance in subsequent years, subject to certain conditions. Credit is not allowed for inputs or services used in exempted goods or services, except under specified circumstances.
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