GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 5th December, 2008
Notification No.48/ 2008-Central Excise (N.T.)
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) These rules may be called the CENVAT Credit (Second Amendment) Rules,
2008.
(2) They shall come into force on the date of their publication in the Official
Gazette.
- In the CENVAT Credit Rules, 2004, in rule 3, in sub-rule (7), in clause (a),
in the proviso, for the expression “X multiplied by [(1+BCD/400) multiplied by
(CVD/100)]”, the expression “X multiplied by [(1+BCD/200) multiplied by
(CVD/100)]” shall be substituted.
(Unmesh Wagh)
Under Secretary to the Government of India
[F.No.354/158/2008-TRU]
Note.- The principal rules were notified vide
notification No.23/2004-Central
Excise(N.T.), dated the 10th September, 2004 and were published in the Gazette
of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number
G.S.R.600(E) of the same date and were last amended by
notification
No.35/2008-Central Excise(N.T.), dated the 24th September, 2008 that was
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) vide number G.S.R.677(E) of the same date.