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of <h1>India Amends CENVAT Credit Rules: New Mechanism for Recovering Wrongly Availed Credits Under Rule 3 Explained</h1> The Government of India has issued Notification No. 3/2013-Central Excise (N.T.) to amend the CENVAT Credit Rules, 2004. This amendment provides a mechanism for recovering CENVAT credit that has been wrongly availed. Specifically, it inserts an explanation in rule 3, stating that if a manufacturer or service provider fails to pay the required amount under sub-rules (5), (5A), and (5B), the recovery will be conducted as per the provisions of rule 14. This amendment comes into effect upon its publication in the Official Gazette.
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