TMI BlogAmendment of rule 3 of the CENVAT Credit Rules, 2001X X X X Extracts X X X X X X X X Extracts X X X X ..... lished in the Official Gazette vide notification of the Government of India in the erstwhile Ministry of Finance (Department of Revenue), No. G.S.R. 445(E), dated the 21st June, 2001 shall stand amended and shall be deemed to have been amended retrospectively in the manner as specified in column (2) of the Seventh Schedule, on and from the corresponding date specified in column (3) of that Schedul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt, decree or order of any court, tribunal or other authority - (a) no suit or other proceedings shall be maintained or continued in any court for allowing the CENVAT credit and no enforcement shall be made by any court of any decree or order allowing the CENVAT credit not allowed to be taken or utilised if the amendment made by sub-section (1) had been in force at all material times; (b) reco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Government shall have and shall be deemed to have the power to make the rules with retrospective effect as if the Central Government had the power to make rules under section 37 of the Central Excise Act, retrospectively at all material times. Explanation 1. - For the removal of doubts, it is hereby declared that no act or omission on the part of any person shall be punishable as an offence ..... X X X X Extracts X X X X X X X X Extracts X X X X
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