TMI BlogSeeks to amend the CENVAT Credit Rules, 2002X X X X Extracts X X X X X X X X Extracts X X X X ..... 002 (herein after referred to as the said rules), in rule 2,- (a) in clause (g), after the word "except", the words "light diesel oil," shall be inserted; (b) in Explanation 1, for the words "The high speed diesel oil", the words "The light diesel oil, high speed diesel oil" shall be substituted. 3. In the said rules, in rule 3,- (a) in sub-rule (1), for clause (v), the following shall be substituted, namely:- "(v) the National Calamity Contingent duty leviable under section 136 of the Finance Act, 2001 (14 of 2001), as amended by clause 161 of the Finance Bill, 2003, which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931), the force of law; and"; ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cise leviable under the said Additional Duties of Excise (Textiles and Textile Articles) Act, or the National Calamity Contingent duty leviable under section 136 of the Finance Act, 2001 as amended by clause 161 of the Finance Bill, 2003, which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931, the force of law, respectively, on any final products manufactured by the manufacturer or for payment of such duty on inputs themselves if such inputs are removed as such or after being partially processed; Explanation.- For removal of doubts, it is clarified that the credit of the additional duty of excise leviable under section 3 of the Additional Duties of Excise (Goods o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5. In the said rules, after rule 6, the following shall be inserted, namely:- "6A. Storage of inputs outside the factory of the manufacturer: The Assistant Commissioner of Central Excise or the Deputy Commissioner of Central Excise having jurisdiction over the factory of a manufacturer of the final products may, in exceptional circumstances having regard to the nature of the goods and shortage of storage space at the premises of such manufacturer, by an order, permit such manufacturer to store the inputs in respect of which CENVAT credit has been taken, outside such factory, subject to such limitations and conditions as he may specify: Provided that where such inputs are not used in the manner prescribed in these rules for any reason w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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