Cenvat credit on Capital goods used in intermediate products exempt from duty under the new set of rules.

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Full Text of the Document

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....et of rules. Sir, I am directed to refer to the subject cited above and to say that in the absence of a corresponding provision to rule 57R (2) of Central Excise Rules, 1944 in new rules effective from 1.7.2001, a doubt has arisen whether cenvat credit shall be available on the capital goods used in manufacturing of intermediate goods exempt from payment of duty e.g. capital goods used in the pr....