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    <title>Amendment to CENVAT Credit Rules</title>
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    <description>The notification amends the CENVAT Credit Rules, 2004 to redefine and clarify output service and exempted service, expand motor vehicle inclusions, substitute terminology throughout the rules, introduce a refund mechanism for unutilised credit on reverse charge services, revise valuation rules for rule 6 (including trading and securities), fix a specific valuation measure for rail transport, and prescribe pro rata distribution and relevant period rules for input service credit allocation.</description>
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    <pubDate>Wed, 20 Jun 2012 00:00:00 +0530</pubDate>
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      <description>The notification amends the CENVAT Credit Rules, 2004 to redefine and clarify output service and exempted service, expand motor vehicle inclusions, substitute terminology throughout the rules, introduce a refund mechanism for unutilised credit on reverse charge services, revise valuation rules for rule 6 (including trading and securities), fix a specific valuation measure for rail transport, and prescribe pro rata distribution and relevant period rules for input service credit allocation.</description>
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