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of <h1>India Amends CENVAT Credit Rules: Changes to Rule 6 and Rule 7B Affect Exempted Goods and Services Payments.</h1> The Government of India has issued an amendment to the CENVAT Credit Rules, 2004, effective from April 1, 2016. The amendment modifies Rule 6, sub-rule (3), requiring payment of six percent of the value of exempted goods and seven percent of the value of exempted services, capped by the total credit of inputs and input services available at the period's start and taken during the period. Additionally, Rule 7B, sub-rule (1), replaces references to 'invoices' with 'documents specified under rule 9.' This amendment follows the last modification made on March 1, 2016.
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