TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to CENVAT Credit Rules: Rule 3 now requires credit reversal if duty is remitted under Rule 21.</h1> The Central Government has amended the CENVAT Credit Rules, 2004, through Notification No. 33/2007-Central Excise (N.T.), effective upon publication in the Official Gazette. This amendment introduces sub-rule (5C) to rule 3, mandating the reversal of CENVAT credit on inputs used in the manufacture or production of goods if the duty on such goods is remitted under rule 21 of the Central Excise Rules, 2002. This change ensures that credit taken on inputs is reversed when duty remission is granted.
TaxTMI 
TaxTMI 
