TMI BlogCENVAT Credit (Sixth Amendment) Rules, 2014X X X X Extracts X X X X X X X X Extracts X X X X ..... se (N.T.) New Delhi, the 11th July, 2014 G.S.R. 456(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 (Sixth Amend ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. In the said rules, in rule 4, - (a) in sub-rule (1), after the second proviso, the following proviso shall be inserted with effect from first day of September 2014, namely : Provided also that the manufacturer or the provider of output service shall not take CENVAT credit after six months of the date of issue of any of the documents specified in sub- rule (1) of rule 9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Provided also that in case the payment of the value of input service and the service tax paid or payable as indicated in the invoice, bill or, as the case may be, challan referred to in rule 9, except in respect of input service where the whole of the service tax is liable to be paid by the recipient of service, is not made within three months of the date of the invoice, bill or, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4. In rule 6 of the said rules, in sub-rule (8), after clause (b), the following proviso shall be inserted, namely; Provided that if such payment is received after the specified or extended period allowed by the Reserve Bank of India but within one year from such period, the service provider shall be entitled to take the credit of the amount equivalent to the CENVAT credit paid ear ..... X X X X Extracts X X X X X X X X Extracts X X X X
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