CENVAT Credit (Seventh Amendment) Rules, 2016

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..... y 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 (Seventh Amendment) Rules, 2016. (2) They shall come into force on 1st of June, 2016. 2. In the .....

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..... , the following clause shall be inserted, namely,- (d) Cenvat credit in respect of Krishi Kalyan Cess on taxable services leviable under section 161 of the Finance Act, 2016 (28 of 2016) shall be utilised only towards payment of Krishi Kalyan Cess on taxable services leviable under section 161 of the Finance Act, 2016 (28 of 2016) ; [F. No. B-1/18/2016 - TRU] (Anurag Sehgal) .....

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