Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Central Excise Rules Updated: Streamlined Credit Utilization, Compliance for Manufacturers, New Electronic Record-Keeping Effective March 2000</h1> The Central Excise (Second Amendment) Rules, 2000, effective March 1, 2000, modify the Central Excise Rules, 1944. Key changes include updates to rules regarding credit of duty paid on inputs and capital goods, CENVAT credit conditions, and obligations for manufacturers of dutiable and exempted goods. Specific provisions address credit transfer, recovery of wrongly taken credit, and procedures for independent textile processors. The amendment also revises procedures for duty payment, record maintenance, and audit requirements, including electronic record-keeping. The changes aim to streamline excise processes and clarify credit utilization and compliance obligations for manufacturers.