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<h1>CENVAT Credit Rules Amended: Key Changes to Rule 3 Sub-rules (5B) and (5C) on Credit and Recovery Process</h1> The CENVAT Credit (First Amendment) Rules, 2014, effective from January 8, 2014, amend the CENVAT Credit Rules, 2004. Key changes include the removal of an explanation following the proviso to sub-rule (5B) in Rule 3 and the insertion of additional words in sub-rule (5C) regarding CENVAT credit on input services. Two new explanations are added: one specifies the payment deadline for amounts payable under sub-rules (5), (5A), (5B), and (5C), and the other outlines the recovery process if the manufacturer or service provider fails to make the required payments.