Amendment in CENVAT Credit Rules, 2004 - the provision restricting CENVAT credit to 85% under proviso to rule 3(i)(vii) of Cenvat Credit Rule, 2004 deleted. - Consequently ship breaking units would be entitled to avail 100% credit of the CVD paid with effect from 01.03.2015

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..... ifications - CE (NT) - GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 01/2016 - Central Excise (N.T) New Delhi, the 1 st February, 2016 G.S.R.132 (E).- In exercise of the powers conferred by Section 37 of the Central Excise Act, 1944 (1 of 1944) , the Central Government hereby makes the following rules further to amend the CENVAT .....

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