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of <h1>CENVAT Credit Amendment 2009: Cement, TMT Bars Excluded; New Repayment Rules for Written-Off Goods Introduced</h1> The CENVAT Credit (Amendment) Rules, 2009, effective from July 7, 2009, modify the CENVAT Credit Rules, 2004. The amendment excludes certain construction materials like cement and TMT bars from credit eligibility. It also introduces a provision requiring manufacturers or service providers to repay CENVAT credit if inputs or capital goods are fully written off before use. However, if these goods are later used in production or service provision, credit can be reclaimed. Additionally, manufacturers and service providers must pay 5% and 6% of the value of exempted goods and services, respectively.
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