Use left panel to navigate this column

About Cenvat Credit

Cenvat Credit rules, 2004 have been notified vide notification no. 23/2004 CE(NT) dated 10-9-2004 by the central government 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)

Though the scope and extent of central excise and service tax are different and independent to each other, central government has allowed credit of duty paid on inputs and capital goods and service tax paid on service tax to integrate the tax on goods and services. It was the first step towards GST regime.

After introduction, the provisions of cenvat credit rules, have been amended number of times. Here you can find amended Cenvat Credit Rules, 2004

(We wish that you would find this section useful. Any discrepancy or error may please be brought to our notice for correction.)