CENVAT Credit Rules Amended: Ship Breaking Units Can Now Avail 100% CVD Credit, Removing Previous 85% Cap. Effective March 2015.

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....Amendment in CENVAT Credit Rules, 2004 - the provision restricting CENVAT credit to 85% under proviso to rule 3(i)(vii) of Cenvat Credit Rule, 2004 deleted. - Consequently ship breaking units would be entitled to avail 100% credit of the CVD paid with effect from 01.03.2015 - Notification....