[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. 28/2016 - Central Excise (N.T.)
New Delhi, the
26th May, 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 (Seventh Amendment) Rules, 2016.
(2) They shall come
into force on 1st of June, 2016
2. In the CENVAT Credit Rules, 2004, in rule 3,
(a) after sub-rule (1),
the following sub-rule shall be inserted, namely :-
“(1a) A provider of
output service shall be allowed to take CENVAT credit of the Krishi Kalyan Cess
on taxable services leviable under section 161 of the Finance Act, 2016 (28 of
2016);”;
(b) in sub-rule (4),
after the ninth proviso, the following proviso shall be inserted, namely,-
“Provided also that the
Cenvat credit of any duty specified in sub-rule (1) shall not be utilised for
payment of Krishi Kalyan Cess leviable under section 161 of the Finance Act,
2016 (28 of 2016);”;
(c) in sub-rule (7),
(i) after the words,
figures and brackets “sub-rule (1)”, the words, figures and brackets “,
sub-rule (1a)” shall be inserted;
(ii)
after clause (c), the following clause shall be inserted, namely,-
“(d) Cenvat credit in
respect of Krishi Kalyan Cess on taxable services leviable under section 161 of
the Finance Act, 2016 (28 of 2016) shall be utilised only towards payment of
Krishi Kalyan Cess on taxable services leviable under section 161 of the
Finance Act, 2016 (28 of 2016)”;
[F.No.
B-1/18/2016 - TRU]
(Anurag Sehgal)
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. 27/2016 - Central Excise (N.T.), dated the 14th May,
2016, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 512(E), dated the 14th May, 2016.
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