Amends Cenvat Credit Rules, 2004 – inserts new provision for deterrent measures where cenvat facility is misutilized

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..... ntral Excise (N.T.) Dated: December 30, 2006 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 (SeventhAmendment) Rules, 2006. .....

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..... , specify nature of restrictions including restrictions on utilization of CENVAT credit and suspension of registration in case of a dealer and type of facilities to be withdrawn and procedure for issue of such order by an officer authorized by the Board". F.No.224/40/2006-CX.6 Rahul Nangare, Under Secretary to the Government of India . Note.- The principal rules were publishe .....

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