Seeks to amend Cenvat Credit Rules,2004 to allow unavailed CENVAT Credit in respect of services provided by the Government, local authority or any other person by way of assignment of the right to use of any natural resource.

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..... NCE (DEPARTMENT OF REVENUE) Notification No. 15/2017-Central Excise (N.T.) New Delhi, the 12th June, 2017. G.S.R. 577 (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, .....

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..... t remains after subtracting the amount of CENVAT credit already availed in respect of any service from the aggregate amount of CENVAT credit to which the recipient of such service was entitled to in respect of such service. Explanation V. - appointed day means the date on which the provisions of the Central Goods and Services Tax Act, 2017 (12 of 2017) shall come into force . [F. .....

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