CENVAT Credit Rules Update: Proportional Distribution by Head Office Required Post-March 31, 2012 for Input Service Distributors.

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....CENVAT Credit - Input Service Distributor (ISD) - There was no provision that the cenvat credit distributed by the Head Office as input service distributor should be in proportion to the turnover of the factories located at various places. Such restriction, was put after 31.3.2012. - AT....