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>CENVAT Credit Rules Amended: New Definitions, Credit Utilization Changes, and Penalty for Rule Violations Under 2008 Amendments</h1> The CENVAT Credit (Amendment) Rules, 2008, effective from April 1, 2008, amend the CENVAT Credit Rules, 2004. Key changes include modifying definitions related to the clearance of final products and taxable services, and adjustments to CENVAT credit utilization, specifically excluding the National Calamity Contingent duty for certain tariff items. New provisions allow manufacturers and service providers to choose between paying a percentage of exempted goods/services value or CENVAT credit attributable to inputs used. The amendments introduce procedures for credit distribution by service providers' offices and establish a general penalty for rule contraventions, capped at five thousand rupees.
TaxTMI 
TaxTMI 
