Seeks to amend sub-rule (7) of rule 4 & rule 6 of CENVAT Credit Rules, 2004

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..... 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 (Fifth Amendment) Rules, 2016. (2) They shall come into force on the .....

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..... ity or any other person, shall be spread evenly over a period of three years: Provided also that where the manufacturer of goods or provider of output service, as the case may be, further assigns such right assigned to him by the Government or any other person, in any financial year, to another person against consideration, such amount of balance CENVAT credit as does not exceed the service tax .....

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