Cenvat or CENVAT?
ONE of the changes made by Notification No. 5/2012 –CX dated 12.03.2012, is substituting the word CENVAT with Cenvat. CENVAT is certainly the correct usage and now they have changed it to Cenvat. And they have substituted Rule 12AA with Rule 12AAA and Rule 12CC with Rule 12CCC. So, now after 12A, you have 12AA and after 12C, you have 12CCC – a new serial devised by the Board. What would be the next in the series – take one of those IQ tests.