Seeks to amend Cenvat Credit Rules, 2004 - 06/2015 - Central Excise - Non Tariff

Cenvat credit for inputs sent to job workers allowed with return time limits and recovery provisions.

The notification amends CENVAT Credit Rules to allow credit where inputs or capital goods are sent directly to or kept at a job worker's premises on the direction of the manufacturer or provider of output service, prescribes return periods for inputs and capital goods to retain credit, permits chain processing through multiple job workers subject to proof of return, and requires payment of an amount equivalent to the credit if goods are not returned, with re availment permitted upon return.