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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 12/2015-Central Excise (N.T.)
New Delhi, the 30th April, 2015
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 (Second Amendment) Rules,
2015.
(2) They shall come into force from 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 second proviso, the
following shall be substituted, namely:-
“Provided also that the credit of Education Cess and Secondary and Higher
Education Cess paid on inputs or capital goods received in the factory of
manufacture of final product on or after the 1st day of March, 2015 can be
utilized for payment of the duty of excise leviable under the First Schedule to
the Excise Tariff Act:
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
factory of manufacture of final product in the financial year 2014-15 can be
utilized for payment of the duty of excise specified in the First Schedule to
the Excise Tariff Act:
Provided also that the credit of Education Cess and Secondary and Higher
Education Cess paid on input services received by the manufacturer of final
product on or after the 1st day of March, 2015 can be utilized for payment of
the duty of excise specified in the First Schedule to the Excise Tariff Act.”.
[F. No. 334/5/2015-TRU]
(Akshay Joshi)
Under Secretary to the Government of India
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.6/2015-Central Excise (N.T.) dated 1st March, 2015 published in the Gazette
of India, Extraordinary, Part II, Section 3, Sub-section (i), by number G.S.R.
151(E), dated the 1st March, 2015.
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