CENVAT credit entitlement revised: new admissible credit computation and altered return filing timelines for EOUs and park units. Amendments revise Rule 3 to prescribe a formula for determining admissible CENVAT credit for supplies to 100% export oriented undertakings and units in Electronic Hardware Technology Parks and Software Technology Parks when inputs or capital goods are used in manufacture elsewhere in India; Rule 4 adds 'moulds and dies' to specified inputs; Rule 7 alters return filing frequencies and timelines for manufacturers and dealers; Form 1 and Form 2 are omitted.
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Provisions expressly mentioned in the judgment/order text.
CENVAT credit entitlement revised: new admissible credit computation and altered return filing timelines for EOUs and park units.
Amendments revise Rule 3 to prescribe a formula for determining admissible CENVAT credit for supplies to 100% export oriented undertakings and units in Electronic Hardware Technology Parks and Software Technology Parks when inputs or capital goods are used in manufacture elsewhere in India; Rule 4 adds "moulds and dies" to specified inputs; Rule 7 alters return filing frequencies and timelines for manufacturers and dealers; Form 1 and Form 2 are omitted.
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