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of <h1>Amendments to CENVAT Credit Rules, 2004: Key Updates to Rule 3, 4, and 5 Reflecting Finance Act, 2005 Changes.</h1> The Central Government has issued amendments to the CENVAT Credit Rules, 2004, under Notification No. 22/2005-CE(N.T.), effective from the date of publication in the Official Gazette. Key changes include modifications to rule 3, specifically in sub-rules (1), (4), and (7), where references to certain clauses have been updated to reflect section 85 of the Finance Act, 2005. Additionally, amendments in rules 4 and 5 involve the removal of specific portions related to previous clause references. These changes aim to streamline and update the existing rules in accordance with recent legislative developments.
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