Amendment in Cenvat Credit Rules, 2004

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..... Delhi, the 27th September, 2013 G.S.R.663(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 (Second Amendment) Rule .....

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..... for each quarter in the third year @ 5% for each quarter in the fourth and fifth year @ 1% (ii) for capital goods, other than computers and computer peripherals @ 2.5% for each quarter: Provided that if the amount so calculated is less than the amount equal to the duty leviable on transaction value, the amount to be paid shall be equal to the duty leviable on transa .....

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