Amendments in the CENVAT Credit Rules, 2002

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..... he Central Government hereby makes the following rules further to amend the CENVAT Credit Rules, 2002, namely:- 1. (1) These rules may be called the CENVAT Credit (Fifteenth Amendment) Rules, 2003. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the CENVAT Credit Rules, 2002, (a) in rule 7, in sub-rule (1) after clause (e), the following clause sh .....

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..... the credit of duty paid on the inputs, falling under Chapter 51, 52, 54 or 55 of the First Schedule to the Central Excise Tariff Act, used in the manufacture of the said fabrics, to the buyer of the said fabrics, namely:- (i) the said independent weaver shall obtain a declarant code from the Superintendent of Central Excise having jurisdiction in this behalf, in terms of the provision contained .....

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..... a format specified in the Annexure-I to these rules as "CHALLAN FORM" and shall bear pre-printed serial numbers and shall be in triplicate for the following purposes, namely:- (a) original- for buyer (b) duplicate- for submission alongwith quarterly return (c) triplicate-manufacturers office copy; (v) the said independent weaver shall submit within fifteen days from the close of each quarter .....

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