Amends Cenvat Credit Rules, 2004 to make provisions for Large Tax Payer Units - 019/2006 - Central Excise - Non Tariff

Large taxpayer CENVAT transfer rules permit inter premises movement of inputs without immediate duty, subject to conditions and recovery safeguards.

The amendment inserts rule 12A allowing a large taxpayer to transfer inputs (excluding certain petroleum products) and capital goods between its registered premises without immediate payment of specified duty, provided those inputs are used in manufacture and cleared on payment of duty or exported under bond/letter of undertaking within a specified period; transfer requires serially numbered documentation with prescribed particulars. Failure to comply triggers recovery of the credit taken with interest, while recipient premises may avail credit for any duty subsequently paid and transfers of CENVAT credit between registered premises are permitted subject to existing utilization limits. Monthly returns and administrative transition rules are prescribed.