Featured Post

TNTET 2017 BREAKING NEWS

TNTET 2017 BREAKING NEWS | ஆசிரியர் தகுதித்தேர்வு நடத்த அனைத்து ஏற்பாடுகளும் தயார்...ஓரிரு நாட்களில் முறையான அறிவிப்பு வெளியாகிறது...| விண்ண...

Wednesday, January 8, 2014

CENVAT Credit (Third Amendment) Rules, 2013


CENVAT Credit (Third Amendment) Rules, 2013

Notification No. 18/2013-Central Excise (N.T.)
 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.        A. These rules may be called the CENVAT Credit (Third Amendment) Rules, 2013.
2.       B.  They shall come into force with effect from the 1st day of March, 2014.
2.   In the CENVAT Credit Rules, 2004,-
(a) in rule 2, in clause (ij),-
(i)   the words “a dealer, who purchases the goods directly from” shall be omitted;
(ii) in sub-clause (i), for the words, “the manufacturer under the cover of an invoice” the words “a dealer, who purchases the goods directly from the manufacturer under the cover of an invoice” shall be substituted;
(iii) for sub-clause (ii), the following sub-clause shall be substituted, namely:-
“ (ii) an importer who sells goods imported by him under the cover of an invoice on which CENVAT credit may be taken and such invoice shall include an invoice issued from his depot or the premises of his consignment agent”;
(b) in rule 9, in sub-rule (1), in clause (a), sub-clauses (ii) and (iii) shall be omitted.

No comments: