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TMI BlogCENVAT credit.X X X X Extracts X X X X X X X X Extracts X X X X ..... ngent duty leviable under section 136 of the Finance Act, 2001 (14 of 2001); (c) the additional duty leviable under Section 3 of the Customs Tariff Act, equivalent to the duty of excise as specified under clauses (a) and (b); (d) the additional duty leviable under sub-section (5) of section 3 of the Customs Tariff Act; (e) the additional duty of excise leviable under Section 85 of Finance Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NVAT credit of the duty paid on inputs lying in stock or in process or inputs contained in the final products lying in stock on the date on which any goods manufactured by the said manufacturer or producer cease to be exempted goods or any goods become excisable. (3) The CENVAT credit may be utilised for payment of - (a) any duty of excise on any final product; or (b) an amount equal to CENVAT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ), other than credit of additional duty of excise leviable under section 85 of Finance Act, 2005 (18 of 2005), shall not be utilised for payment of said additional duty of excise on final products. (4) Notwithstanding anything contained in sub-rule (1) and sub-rule (3), CENVAT credit in respect of - (i) the National Calamity Contingent duty leviable under section 136 of the Finance Act, 2001 (14 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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