Amendments in the CENVAT Credit Rules, 2002

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....4), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2002, namely:- 1. (1) These rules may be called the CENVAT Credit (Amendment) Rules, 2004. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the CENVAT Credit Rules, 2002 (hereinafter referred to as the said rules), in rule 2, for clause (e), t....

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.... the additional duty leviable under section 3 of the Customs Tariff Act, equivalent to the duty of excise specified under clauses (i), (ii), (iii), (iv), (v) and (vi) above; and (viii) the additional duty of excise leviable under section 157 of the Finance Act, 2003 (32 of 2003)."; (b) in sub-rule (6), in clause (b), for the portion beginning with the words "CENVAT credit in respect of" and ....

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....w; and (iv) the additional duty leviable under section 3 of the Customs Tariff Act, equivalent to the duty of excise specified under clauses (i), (ii) and (iii) above; and (v) the additional duty of excise leviable under section 157 of the Finance Act, 2003 (32 of 2003), shall be utilized only towards payment of duty of excise leviable under the said Additional Duties of Excise (Textiles and....