CENVAT credit restricted to use only for duty on final products cleared under the same exemption notifications. The amendment inserts a proviso in rule 3(3) of the CENVAT Credit Rules, 2002 restricting that CENVAT credit of duty paid on inputs used in manufacture of final products cleared after availing specified exemption notifications shall be utilised only for payment of duty on final products cleared after availing those same exemption notifications.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
CENVAT credit restricted to use only for duty on final products cleared under the same exemption notifications.
The amendment inserts a proviso in rule 3(3) of the CENVAT Credit Rules, 2002 restricting that CENVAT credit of duty paid on inputs used in manufacture of final products cleared after availing specified exemption notifications shall be utilised only for payment of duty on final products cleared after availing those same exemption notifications.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.