CENVAT credit expansion: additional tobacco subheadings and modified capital goods and transitional provisions allow reclaimed input credits. Rules amend Central Excise provisions to add two tobacco sub-headings to the CENVAT-eligible list, modify the capital goods proviso to exclude specified components and refractory goods, and insert a transitional rule allowing manufacturers who previously debited a fixed percentage on removed inputs to claim CENVAT credit for that debited amount upon return of the inputs and to utilize the credit under the amended rules.
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Provisions expressly mentioned in the judgment/order text.
CENVAT credit expansion: additional tobacco subheadings and modified capital goods and transitional provisions allow reclaimed input credits.
Rules amend Central Excise provisions to add two tobacco sub-headings to the CENVAT-eligible list, modify the capital goods proviso to exclude specified components and refractory goods, and insert a transitional rule allowing manufacturers who previously debited a fixed percentage on removed inputs to claim CENVAT credit for that debited amount upon return of the inputs and to utilize the credit under the amended rules.
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