DRAFT - Cenvat Credit - Document Proposed Amendment to rule 9 of the the CENVAT Credir Rules, 2004

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..... NVAT Credit Rules, 2004, which prescribes the reasonable steps required to be taken by the buyer to ensure that the input or capital goods or input service in respect of which he has taken CENVAT credit are goods or services on which the appropriate duty of excise or service tax as indicated in the documents accompanying the goods or relating to input service, has been paid. Reasonable steps are c .....

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..... be the critical details, which are required to be available on the document prior to taking of such credit. A suggestion has been submitted before the Board that instead of amending rule 9(3) to lay down reasonable steps for the purchaser/receiver of taxable goods/ services, rule 9(2) may be amended by placing the responsibility on the purchaser/receiver of taxable goods/services of the input or .....

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