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of <h1>CENVAT Credit Rules Amended: LTUs Can Transfer Inputs and Capital Goods Without Immediate Duty Payment, Meet Conditions</h1> The CENVAT Credit Rules, 2004 have been amended to accommodate Large Taxpayer Units (LTUs). The amendment introduces a new sub-rule defining 'large taxpayer' and outlines procedures for LTUs, allowing them to transfer inputs and capital goods between registered premises without immediate excise duty payment, provided conditions are met. These conditions include manufacturing final products using the inputs and clearing them with appropriate duties or exporting them within six months. LTUs can also transfer CENVAT credit between registered premises. Specific exemptions apply, and LTUs must submit monthly returns for each registered premise.
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