https://www.taxtmi.com/acts?id=9817 The retrospective amendment to rule 3(3) of the CENVAT Credit Rules, 2001 deems the modified scope of allowable CENVAT credit effective from dates in the Seventh Schedule until supersession, validates or invalidates past actions as if the amendment had always applied, bars suits or enforcement permitting credit contrary to the amendment, mandates recovery of improperly taken or utilised CENVAT credit within a prescribed period following Presidential assent with interest on overdue amounts, treats the Central Government as having had retrospective rule-making power for this purpose, and clarifies no new penal liability is created. en-us Wed, 22 Oct 2008 10:14:08 +0530 Wed, 22 Oct 2008 10:14:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9817 The retrospective amendment to rule 3(3) of the CENVAT Credit Rules, 2001 deems the modified scope of allowable CENVAT credit effective from dates in the Seventh Schedule until supersession, validates or invalidates past actions as if the amendment had always applied, bars suits or enforcement permitting credit contrary to the amendment, mandates recovery of improperly taken or utilised CENVAT credit within a prescribed period following Presidential assent with interest on overdue amounts, treats the Central Government as having had retrospective rule-making power for this purpose, and clarifies no new penal liability is created. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 10:14:08 +0530 https://www.taxtmi.com/acts?id=9817