Amends the CENVAT Credit Rules, 2004 - 032/2007 - Central Excise - Non Tariff

Amends the CENVAT Credit Rules, 2004  

NOTIFICATION  No. 32/2007 - Central Excise (N.T.)

 New Delhi, the  August 3 , 2007

12, Sravana 1929 Saka.

G.S.R.(E): In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944) and section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2004, namely:-

1.(1)  These rules may be called the CENVAT Credit ( Seventh Amendment) Rules, 2007.

(2)  They shall come into force on the date of their publication in the Official Gazette.

2. In the CENVAT Credit Rules, 2004,-

(i) in rule 12, after the letters, figures, brackets and words, "[G.S.R..717(E), dated the 9^th September, 2003,]" the words, figures, letters and brackets, "or No.20/2007-Central Excise, dated the 25^th  April, 2007 [ GSR 307 (E), dated the 25^th  April, 2007]" shall be inserted;

(ii)  in rule 12A,-

(a) in sub-rule (1), in the third proviso, after item (vii), the following item shall be inserted, namely:-    

"(viii) No.20/2007-Central Excise, dated the 25^th  April, 2007 [ GSR 307  (E), dated the 25^th  April, 2007]" ;

(b)   in sub-rule (4), in the second proviso, after item (vii), the following item shall be inserted namely:-

"(viii) No.20/2007-Central Excise, dated the 25^th  April, 2007 [ GSR 307  (E), dated the 25^th  April, 2007]".

[F.No.267/45/2007-CX.8]

(Rahul Nangare)

Under Secretary to Government of India

Note : The principal rules were published in the Gazette of India, Extraordinary vide notification No. 23/2004-Central Excise (N.T.), dated the 10th September, 2004, vide G.S.R. 600 (E), dated the 10^th September 2004, and were last amended vide notification No.27/2007-Central Excise (N.T.), dated the 12^th May 2007, vide G.S.R.348 (E), dated the 12^th May , 2007.