CENVAT Credit Disallowed on Stock Inputs u/r 4 If Specific Conditions Are Not Met; Rule 3 Non-Override.
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....CENVAT Credit of the inputs lying in their stock - If a condition under rule 4 specifically disallows cenvat credit on a particular goods or service, the cenvat credit cannot be allowed under rule 3 of the Cenvat Credit Rules, 2004.....
TaxTMI