CENVAT Credit Rules: Rule 6(5) Overrides Rule 6(3) for Input Services in Trading Activities, Allowing Credit Utilization.

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....CENVAT Credit - common input services for trading goods - Rule 6(5) starts of non-obstante clause ‘notwithstanding’, which would indicate that the provisions of Rule 6(3) are not applicable for the provisions of Rule 6(5) of Cenvat Credit Rules, 2004.....