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Central Excise - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Cenvat Credit - Retrospective amendment in Rule 16 is aimed at ...

Central Excise

January 11, 2014

Cenvat Credit - Retrospective amendment in Rule 16 is aimed at facilitating ‘wire drawing units’ - The sum paid by the wire drawing unit in such cases will be treated as duty and shall be allowed as credit to the buyer of drawn wire, in terms of the amendment. This amendment would not create any additional liability on any wire drawing unit which did not pay duty on drawn wire during the period of amendment - AT

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