DRAFT - Cenvat Credit - Document Proposed Amendment to rule 9 of the the CENVAT Credir Rules, 2004

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....rd , 2006             Kind attention is invited to rules 9(3) of the CENVAT Credit Rules, 2004, which prescribes the reasonable steps required to be taken by the buyer to ensure that the input or capital goods or input service in respect of which he has taken CENVAT credit are goods or services on which the appropriate duty of excise or ser....

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....warehouse or provider of input service are available on the document on which credit is availed. It is felt that the department recognizes these to be the critical details, which are required to be available on the document prior to taking of such credit.  A suggestion has been submitted before the Board that instead of amending rule 9(3) to lay down reasonable steps for the purchaser/receive....