TMI BlogConditions for allowing CENVAT credit.X X X X Extracts X X X X X X X X Extracts X X X X ..... orker on the direction of the manufacturer: Provided that the manufacturer shall not take CENVAT credit after one year of the date of issue of any of the documents specified in sub- rule (1) of rule 11. (2) (a) The CENVAT credit on inputs shall be allowed even if any inputs as such or after being partially processed are sent to a job worker and from there subsequently sent to another job wor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) if the inputs are not received back within the time specified under sub-clause (a) by the manufacturer, the manufacturer shall pay an amount equivalent to the CENVAT credit attributable to the inputs, by debiting the CENVAT credit or otherwise, but the manufacturer may take the CENVAT credit again when the inputs are received back in the factory. (3) The Deputy Commissioner of Central Excis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h except for the month of March, when such payment shall be made on or before the 31st day of the month of March. Explanation II. - If the manufacturer of goods fails to pay the amount payable under this rule, it shall be recovered, in the manner as provided in rule 16, for recovery of CENVAT credit wrongly taken. Explanation III.- In case of a manufacturer who avails the exemption u ..... X X X X Extracts X X X X X X X X Extracts X X X X
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