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TMI BlogAmendment in the CENVAT Credit (Third Amendment) Rules, 2011X X X X Extracts X X X X X X X X Extracts X X X X ..... tification No. 13/2011-Central Excise (N.T.) G.S.R. 286(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 (Third Amendment) Rules, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le 9: Provided further that in case the payment of the value of input service and the service tax paid or payable as indicated in the invoice, bill or, as the case may be, challan referred to in rule 9, is not made within three months of the date of the invoice, bill or, as the case may be, challan, the manufacturer or the service provider who has taken credit on such input service, shall pay an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... allowed, on or after the day on which payment is made of the value of input service and the service tax paid or payable as indicated in invoice, bill or, as the case may be, challan referred to in rule 9. Explanation I.- The amount mentioned in this sub-rule, unless specified otherwise, shall be paid by the manufacturer of goods or the provider of output service by debiting the CENVAT credit or o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... month of March".' 3. In rule 6 of the said rules, in Explanation I, in clause (c) for the words "shall be the difference between the sale price and the purchase price of the goods traded", the words "shall be the difference between the sale price and the cost of goods sold (determined as per the generally accepted accounting principles without including the expenses incurred towards their purchas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 10th September, 2004, vide notification No. 23/2004-Central Excise (N.T.), dated the 10th September 2004, [G.S.R. 600(E), dated the 10th September, 2004] and last amended vide notification No. 9/2011-Central Excise (N.T.), dated 24th March, 2011 [G.S.R. 245(E), dated the 24th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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