The Synthetic & Rayon Textiles Export Promotion Council

Amendment in CENVAT Credit Rules, 2004

Circular  No.ES/61/2015-16                                                                       February 4, 2016

To : Members of the  Council

Sub: Amendment in CENVAT Credit Rules, 2004

Dear Member,

The Department of Revenue, Ministry of Finance has issued Notification No. 01/2016 - Central Excise (N.T) dated 1st February, 2016 further amending the CENVAT Credit Rules, 2004, namely:-

 1. Short title and commencement.-

     (1) These rules may be called the CENVAT Credit (First Amendment) Rules, 2016.

     (2) They shall come into force with effect from the 1st day of March, 2015.

 2. In the CENVAT Credit Rules, 2004, in rule 3, in sub-rule (1), in clause (vii), the proviso shall be omitted;

Members are requested to make a note of the above.

Thanking You,

 

V.ANIL KUMAR
EXECUTIVE DIRECTOR