Amendment in the CENVAT Credit Rules, 2002

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....owing rules further to amend the CENVAT Credit Rules, 2002, namely:- 1. (1) These rules may be called the CENVAT Credit (Fourth Amendment) Rules, 2003. (In (1) Bold words has been amended vide Corrigendum, Dt. 03/04/2003) (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the CENVAT Credit Rules, 2002, (a) in rule 3, after the clause (v) , the follo....

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....n the said Finance Bill under the Provisional Collection of Taxes Act, 1931(16 of 1931), the force of law; (iii) the additional duty leviable under section 3 of the Customs Tariff Act, equivalent to the duty of excise specified under sub-clauses (i) and (ii) above; and (iv) the additional duty of excise leviable under section 149 of the Finance Bill, 2003, which clause has, by virtue of the decl....

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....1 (16 of 1931), the force of law, respectively, on any final products manufactured by the manufacturer or for payment of such duty on inputs themselves if such inputs are removed as such or after being partially processed. Explanation.- For removal of doubts, it is clarified that the credit of the additional duty of excise leviable under section 3 of the Additional Duties of Excise (Goods of Spec....