Cenvat credit declaration rule permits fresh or substituted stock declarations to secure transitional input tax credit entitlement. Amendment to rule 9A adds sub rule (5) allowing manufacturers, producers, first stage dealers and second stage dealers who failed to declare stock by the cut off to declare goods as on the first day of the new period and avail CENVAT credit under existing sub rules; those who declared earlier and availed credit must re declare for the new period unless there is no change in description, quantity and value and they intimate that the earlier declaration stands.
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 declaration rule permits fresh or substituted stock declarations to secure transitional input tax credit entitlement.
Amendment to rule 9A adds sub rule (5) allowing manufacturers, producers, first stage dealers and second stage dealers who failed to declare stock by the cut off to declare goods as on the first day of the new period and avail CENVAT credit under existing sub rules; those who declared earlier and availed credit must re declare for the new period unless there is no change in description, quantity and value and they intimate that the earlier declaration stands.
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