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of <h1>CENVAT Credit Rules Amended: New Time Limits on Claims and Reversal Requirements for Delayed Payments</h1> The CENVAT Credit (Sixth Amendment) Rules, 2014, effective from July 11, 2014, introduce changes to the CENVAT Credit Rules, 2004. Key amendments include the definition of 'place of removal' and stipulations on CENVAT credit claims. Manufacturers or service providers cannot claim CENVAT credit after six months from the document issuance date. For input services where service tax is fully paid by the recipient, credit is allowed after tax payment. If payment for input services is delayed beyond three months, the credit availed must be reversed, with re-credit possible upon payment. Additional provisions address credit entitlement based on payment receipt timelines.
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