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CENVAT Credit (Third Amendment) Rules, 2014
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.... New Delhi, the 24th February, 2014 G.S.R.108(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 CENVAT Credit (Th....
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....planation 3, the following shall be substituted, namely:- "Explanation 3.- For the purposes of this rule, the 'relevant period' shall be,- (a) If the assessee has turnover in the 'financial year' preceding to the year during which credit is to be distributed for month or quarter, as the case may be, the said financial year; or (b) If the assessee does not have turnover for some or all the....