CENVAT Credit Rules 2004 amended again
FROM 22nd June to 1st July 2010, the CENVAT Credit Rules have been amended thrice. Notifications 25, 26 and 27 CE(NT) have been issued to amend the rules on three different issues. Apparently, different sections in the Board deal with different issues and there is no coordination among them. While all the amendments could have been made with a single notification, separate notifications have been issued for the three amendments. Vide the latest Notification; Rule 6(6) of the CENVAT Credit Rules has been amended to insert a new clause after clause (iv) as under:
“(iva) supplied for the use of foreign diplomatic missions or consular missions or career consular offices or diplomatic agents in terms of the provisions of notification No. 6/2006- Central Excise dated the 1st March, 2006, number G.S.R.96(E), dated the 1st March, 2006; or”
So, the provisions of Rule 6(1) to 6(4) are not applicable to the above supplies which are exempted. We do not know how many more amendments are in store.
Notification : Dated July 01 2010