https://www.taxtmi.com/article/detailed?id=262 Rule 3 of the CENVAT Credit Rules, 2004 allows manufacturers and output service providers to take credit of duty, excise and service tax paid on inputs, capital goods and input services, and Rule 3(4) prescribes permitted utilizations including payment of duty on final products, reversal-equal amounts on removed inputs or capital goods, specified additional duties and service tax on output services, subject to availability at the relevant month/quarter end; case law further clarifies conversion of certain liabilities into output service status, limits on specific cess credits, and principles for inter-unit transfer and non-fragmentation of CENVAT/MODVAT balances. en-us Sat, 10 Jan 2009 00:00:00 +0530 Sat, 10 Jan 2009 12:22:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=262 Rule 3 of the CENVAT Credit Rules, 2004 allows manufacturers and output service providers to take credit of duty, excise and service tax paid on inputs, capital goods and input services, and Rule 3(4) prescribes permitted utilizations including payment of duty on final products, reversal-equal amounts on removed inputs or capital goods, specified additional duties and service tax on output services, subject to availability at the relevant month/quarter end; case law further clarifies conversion of certain liabilities into output service status, limits on specific cess credits, and principles for inter-unit transfer and non-fragmentation of CENVAT/MODVAT balances. Articles Service Tax Sat, 10 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=262