[TO
BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION (i)]
GOVERNMENT OF
INDIA
MINISTRY OF
FINANCE
(DEPARTMENT OF
REVENUE)
NOTIFICATION
No. 23/2016-
Central Excise (N.T.)
New Delhi, 1st
April, 2016
G.S.R. (E). - 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. (1)
These rules may be called the CENVAT Credit (Fourth Amendment) Rules, 2016.
(2) They shall come
into force from the date of their publication in the official Gazette.
2. In the CENVAT Credit Rules, 2004,-
(a) in rule 6, in
sub-rule (3) for clause (i), the following clause shall be substituted , namely
:-
“(i) pay an amount
equal to six per cent. of value of the exempted goods and seven per cent. of
value of the exempted services subject to a maximum of the sum total of opening
balance of the credit of input and input services available at the beginning of
the period to which the payment relates and the credit of input and input
services taken during that period; or” ;
(b) in rule 7B, in
sub-rule (1) for the words and figures “invoices, issued in terms of the
provisions of the Central Excise Rules, 2002,” the words and figure “documents
specified under rule 9,” shall be substituted.
[F.
No.267/17/2016-CX.8]
(Shankar Prasad
Sarma)
Under Secretary
Note.- The principal rules were published in the
Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide
notification No. 23/2004 - Central Excise (N.T.) dated the 10th September, 2004
vide number G.S.R. 600(E) dated the 10th September, 2004 and last amended vide
notification No. 13/2016(N.T.)- Central Excise (N.T.) dated 1st March, 2016
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 244 (E) , dated the 1 st March, 2016.
We do not mediate buying, selling of products or services.
We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:
Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.