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    <title>CENVAT CREDIT</title>
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    <description>CENVAT credit permits manufacturers and providers of output services to take credit of specified excise duties and service tax on inputs, capital goods and input services used in or in relation to manufacture of final products or provision of output services. Credit eligibility, timing and utilization rules prescribe when credit may be availed, limitations on use (including duty specific restrictions), documentation and return filing requirements, conditions for distribution by input service distributors, treatment for job work and storage outside factory, and recovery, refund and penal consequences for wrongful availment.</description>
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