MANU/EXNT/0024/2015

Ministry : Ministry of Finance

Department/Board : CBEC Excise Non-Tariff

Notification No. : 22/2015-Central Excise (N. T.)

Date : 29.10.2015

Notification/ Circulars Referred : Notification No.23/2004-Central Excise (N.T.), dated the 10th September, 2004 MANU/EXNT/0028/2004;Notification No.21/2015-Central Excise (N.T.), dated 7th October, 2015 MANU/EXNT/0023/2015

Citing Reference:
Notification No.23/2004-Central Excise (N.T.), dated the 10th September, 2004 MANU/EXNT/0028/2004  Modified

Notification No.21/2015-Central Excise (N.T.), dated 7th October, 2015 MANU/EXNT/0023/2015  Referred

CENVAT Credit (Fifth Amendment) Rules, 2015

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 (Fifth Amendment) Rules, 2015.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. 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 Ed........