CENVAT Credit Rules 2004

the Appellate Tribunal was right in holding that the second reassessment proceedings were not validly initiated and thereby quashing the reassessment proceedings-the proceedings initiated by the AO for the second time under Section 147 is barred by limitation-even the proviso to Section 147 does not come into play on the facts of the case-AIT-2010-373-HC Even if the goods belong to same entry, manufacture does take place if new identifiable/marketable goods known in market emerge due to operation conducted-the process of ironing applied to the stiched brassieres prior to their packing was a process incidental to the completion of the brassieres as a manufactured product-process of purification and filtration being incidental or ancillary to the manufacture of a marketable product, the Respondent was entitled to Modvat credit on the inputs involved-AIT-2010-370-HC Larger Bench of CESTAT rules the Tribunal has ample power to condone the delay in filing the appeal including the one filed under section 35 E (4)-AIT-2010-372-CESTAT Corruption in IRS takes its toll-Deputy Commissioner of Income Tax Dhananjay Kumar arrested by CBI in Mumbai-Joint Commissioner of Customs & Excise Hemant Kothikar also arrested by CBI FM directs expediting of Cadre Restructuring in CBDT & CBEC Tariff Value for import of Brass Scrap is 3924-Customs Non-Tariff Notification No. 78 Chief Justice of Gauhati High Court Justice Ranjan Gogoi to be Chief Justice of Punjab & Haryana High Court Anti-dumping duty on imports of Acrylic Fibre originating in, or exported from Japan and Belarus-Customs Tariff Notification No.85 Prescribing SION for new product “Propylene” under Chemical & Allied Products Group-DGFT PN 7 Inclusion of Finished Leather in the Focus Product Scheme of FTP-DGFT PN 6 Exchange Rate for imported goods is Rs 47.25 per US Dollar and Rs 60.35 per EURO-Exchange Rate for export goods is Rs 46.30 per US Dollar and Rs 58.70 per EURO-Customs Non-Tariff Notification No. 77-Click on Exchange Rate for details Anti Dumping Duty under the Notification No.15/2007 is not applicable to Spandex Yarn (Elastomeric yarn)-Customs Circular No.30 Import of goods under Notification No.13/2010 for Commonwealth Games, 2010-Customs Circular No.31 Larger Bench of CESTAT rules charges towards pre-delivery inspection and after-sale-service by dealers from buyers of the cars to be included in the assessable value of cars for payment of excise duty-AIT-2010-366-CESTAT merely because there was non accounting of goods, penalty was technical and inference of clandestine removal was not called for-AIT-2010-365-HC ITAT rules provision for doubtful debts and provision for standard debts are to be taken into consideration for computation of book profit u/s. 115JB of the IT Act-AIT-2010-361-ITAT HC rules slitting of aluminum foils into customized width, mounting the same on the printing machine and thereafter printing the necessary text thereon is covered for 80IB benefit as it falls within the ambit of the term “produce”-AIT-2010-363-HC Definitive Anti-dumping duty imposed on imports of Coumarin, originating in, or exported from China-Customs Tariff Notification No. 82 Special Bench of ITAT Ruling-where a forward contract is entered into by the assessee to sell the foreign currency at an agreed price at a future date falling beyond the last date of accounting period, the loss is incurred to the assessee on account of evaluation of the contract on the last date of the accounting period i.e. before the date of maturity of the forward contract-AIT-2010-355-ITAT-SB

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CENVAT Credit Rules, 2004

Updated CENVAT Credit Rules 2004 (Word File) (as amended, last amended vide Notification No. 6/2010-CE(NT) dated 27.2.2010)

Updated CENVAT Credit Rules 2004 (Word File) (as amended, last amended vide Notification No. 10/2008-CE(NT) dated 1.3.2008)

CENVAT Credit Rules, 2004 (Word File)
(As notified vide Notification No. 23/2004-Central Excise (N.T.) dated the 10th September, 2004 and as amended , last amended vide Notification No.27/2007-CE(NT) dated 12.5.2007)

CENVAT Credit Rules, 2004 (Word File)
(as amended , last amended vide Notification No.19/2007-CE(NT) dated 9.3.2007)

G.S.R. 600 (E), the 10th September, 2004 - 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) and in supersession of the CENVAT Credit Rules, 2002 and the Service Tax Credit Rules, 2002, except as respects things done or omitted to be done before such supersession, the Central Government hereby makes the following rules, namely:-

RULE 1 Short title, extent, and commencement

RULE 2 Definitions

RULE 3 CENVAT credit

RULE 4 Conditions for allowing CENVAT credit

RULE 5 Refund of CENVAT credit

RULE 6 Obligation of manufacturer of dutiable and exempted goods and provider of taxable and exempted services

RULE 7 Manner of distribution of credit by input service distributor

RULE 8 Storage of input outside the factory of the manufacturer

RULE 9 Documents and accounts

RULE 10 Transfer of CENVAT credit

RULE 11 Transitional provision

RULE 12 Special dispensation in respect of inputs manufactured

RULE 13 Power of Central Government to notify goods for deemed CENVAT credit

RULE 14 Recovery of CENVAT credit wrongly taken or erroneously refunded

RULE 15 Confiscation and penalty

RULE 16 Supplementary provision

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