NTF. NO. 42/2002-CE(N.T.), DT. 23/12/2002
- Document type
- Notification
- Reference no.
- DD
- Dated
- Category
- Non-Tariff
Amendment in the CENVAT Credit Rules, 2002
Amendment in the CENVAT Credit Rules, 2002
1. (1) These rules may be called the CENVAT Credit (Amendment) Rules, 2002.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the CENVAT Credit Rules, 2002, in rule 3, in sub-rule (3), after the proviso, the following proviso shall be inserted, namely:-
Provided further that the CENVAT credit of the duty paid on the inputs used in the manufacture of final products cleared after availing of the exemption under the notification numbers 32/99-Central Excise, dated the 8th July 1999 [G.S.R. 508 (E) dated the 8th July 1999] and 33/99-Central Excise dated the 8th July 1999 [G.S.R. 509 (E) dated the 8th July 1999], shall be utilized only for payment of duty on final products cleared after availing of the exemption under the said notification numbers 32/99-Central Excise, dated the 8th July 1999 and 33/99-Central Excise, dated the 8th July 1999;.
[F. No.334/198/2002-TRU]
(Vivek Prasad)
Under Secretary to Government of India
(Pl. refer Cir. No. 683/74/2002-CX, Dt. 24/12/2002 - Diversion of credit taken on inputs for exempted products under the North-East notifications for payment of central excise duty on other products)