CENVAT Credit (First Amendment) Rules, 2014.

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..... (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 (First Amendment) Rules, 2014. (2) They shall come into force on the date of the .....

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..... hall be made on or before the 31st day of the month of March. Explanation 2.- If the manufacturer of goods or the provider of output service fails to pay the amount payable under sub-rules (5), (5A), (5B) and (5C), it shall be recovered, in the manner as provided in rule 14, for recovery of CENVAT credit wrongly taken and utilised." F. No. 267/126/2011-CX.8 (Pankaj Jain) Under Secretary to the .....

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