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of <h1>Amendment to CENVAT Credit Rules: Rule 5 Updated for Refunds on Exported Goods and Services with New Conditions.</h1> The notification amends the CENVAT Credit Rules, 2004, specifically replacing Rule 5 regarding the refund of CENVAT credit in the context of exports. The amendment allows manufacturers or service providers using inputs or services for exported goods or services to utilize CENVAT credit for excise duty or service tax payments. If adjustment is not feasible, a refund is permissible, subject to conditions set by the government. Refunds are not allowed if drawbacks or rebates under specific rules are claimed. The amendment clarifies that additional customs duties cannot be used to pay service tax on output services.
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