Cenvat Credit Rules amended – to change notification Number.
Rule 6, in sub-rule (6), in clause (vii),of the Cenvat Credit Rules, the bar of separate accounts/payment of 10% is not applicable to all goods which are exempt from the duties of customs leviable under the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and the additional duty leviable under section 3 of the said Customs Tariff Act when imported into India and supplied against International Competitive Bidding in terms of notification No. 6/2002-Central Excise dated the 1st March, 2002. Notification No. 6/2002 has been superseded in the budget 2006. So the Cenvat Credit Rules are amended to bring in this change.
NOTIFICATION NO. , Dated: April 21, 2006