Amends Rule 3(7) of Cenvat Credit Rules to allow the credit equal to the amount of CVD paid by the EOU, EHTP or STP etc.

Amends Rule 3(7) of Cenvat Credit Rules to allow the credit equal to the amount of CVD paid by the EOU, EHTP or STP etc. https://www.taxtmi.com/notifications?id=1081 Provides that CENVAT credit for inputs and capital goods cleared on or after 1 March 2006 from export oriented undertakings or units in Electronic Hardware Technology Parks or Software Technology Parks, which pay excise duty under the specified notification, shall be equal to X multiplied by a prescribed multiplicative formula, thereby aligning the credit with the amount of countervailing duty paid by those units. en-us Mon, 20 Mar 2006 00:00:00 +0530 Tue, 11 Nov 2008 16:53:00 +0530 TaxTMI RSS Generator Amends Rule 3(7) of Cenvat Credit Rules to allow the credit equal to the amount of CVD paid by the EOU, EHTP or STP etc. https://www.taxtmi.com/notifications?id=1081 Provides that CENVAT credit for inputs and capital goods cleared on or after 1 March 2006 from export oriented undertakings or units in Electronic Hardware Technology Parks or Software Technology Parks, which pay excise duty under the specified notification, shall be equal to X multiplied by a prescribed multiplicative formula, thereby aligning the credit with the amount of countervailing duty paid by those units. Notifications Central Excise Mon, 20 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/notifications?id=1081