CENVAT Credit (Ninth Amendment) Rules, 2007 - Removal of Capital Goods – Reversal of Cenvat Credit as reduced by 2.5% per quarter

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.... 39/2007-Central Excise (N.T.) New Delhi the 13th November, 2007, Kartika 1929 Saka G.S.R.(E).- In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely:- 1.(1) These rules may be called the CEN....