CENVAT credit rules expand input and capital goods credit, set conditions for utilisation and recovery procedures. The amendments establish a detailed CENVAT regime permitting credit of excise and equivalent additional duty on inputs and capital goods used in manufacture, subject to definitions, timing and utilisation conditions, restrictions where depreciation is claimed, admissibility from dealers on evidence of duty-paid stock, and transfer and transitional provisions. Manufacturers must maintain specified records, separate accounts where dutiable and exempted goods are produced, debit mechanisms for exempted clearances, and face recovery, interest and penalties for wrongly taken credit. Specific procedural rules are prescribed for independent texturisers and processors, payment schedules, audit access, electronic record provision and record retention obligations.