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    <title>RECENT AMENDMENTS IN CENVAT CREDIT PROVISIONS - PART-I</title>
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    <description>Amendments expand Cenvat Credit eligibility and timing: education cesses may be utilised for basic excise duty in specified receipts; claim period for inputs and input services extended to one year; return period for capital goods from job workers extended to two years; credit allowed where goods/services are received directly by job workers; partial reverse charge service tax credit allowed upon payment of tax by recipient without conditioning on invoice settlement; non excisable goods treated as exempted goods with invoice or reasonable valuation for reversal; importer invoicing provisions made applicable under Rule 9.</description>
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    <pubDate>Wed, 27 May 2015 06:47:36 +0530</pubDate>
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      <description>Amendments expand Cenvat Credit eligibility and timing: education cesses may be utilised for basic excise duty in specified receipts; claim period for inputs and input services extended to one year; return period for capital goods from job workers extended to two years; credit allowed where goods/services are received directly by job workers; partial reverse charge service tax credit allowed upon payment of tax by recipient without conditioning on invoice settlement; non excisable goods treated as exempted goods with invoice or reasonable valuation for reversal; importer invoicing provisions made applicable under Rule 9.</description>
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