Amendments in the CENVAT Credit Rules, 2002

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....t hereby makes the following rules further to amend the CENVAT Credit Rules, 2002 (hereinafter referred to as the said rules), namely:- 1. (i) These rules may be called the CENVAT Credit (Eighteenth Amendment) Rules, 2003. 3. (ii) They shall come into force on the first day of October, 2003. 2. In rule 3 of the said rules, for sub-clause (i) of clause (a) of sub-rule (6), the following sh....

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.... of [X multiplied by {(1+BCD/100) multiplied by (CVD/100)}], where BCD and CVD denote ad valorem rates, in per cent., of basic customs duty and additional duty of customs leviable on the inputs or the capital goods respectively and X denotes the assessable value.". 3. In clause (b) of sub-rule (2) of rule 4 of the said rules, for the words "refractories and refractory materials", the words "ref....

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....shall be substituted, namely:- "(6) A first stage or a second stage dealer, as the case may be, shall submit within fifteen days from the close of each quarter of a year to the Superintendent of Central Excise, a return in the form specified by notification by the Board.". 5. Form-1 and Form-2 annexed to the said rules shall be omitted. [F.No.201/6/2002-CX.6 (pt-2)] Note : The principa....