Circular No. ES/34/2015-16 October 30, 2015
To: Members of the Council
Subject: Amendment in the CENVAT Credit Rules, 2004
Dear Sir,
This is to inform you that The Central Board of Excise and Customs (CBEC) has issued a Notification No.22/2015-Central Excise (N.T.) on 29th October, 2015 regarding amendment in the CENVAT Credit Rules, 2004.
The relevant extract of the notification is as follows:
In the CENVAT Credit Rules, 2004 (hereinafter referred to as the said rules), in rule 3, in sub-rule (7), in clause (b), after the fifth proviso, the following proviso shall be inserted, namely:-
“Provided also that the credit of Education Cess and Secondary and Higher Education Cess paid on inputs or capital goods received in the premises of the provider of output service on or after the 1st day of June, 2015 can be utilized for payment of service tax on any output service:
Provided also that the credit of balance fifty per cent. Education Cess and Secondary and Higher Education Cess paid on capital goods received in the premises of the provider of output service in the financial year 2014-15 can be utilized for payment of service tax on any output service:
Provided also that the credit of Education Cess and Secondary and Higher Education Cess paid on input service in respect of which the invoice, bill, challan or Service Tax Certificate for Transportation of Goods by Rail (referred to in rule 9), as the case may be, is received by the provider of output service on or after the 1st day of June, 2015 can be utilized for payment of service tax on any output service.”.
This is for your information.
Thanking You,
V.ANIL KUMAR
EXECUTIVE DIRECTOR
