Manupatra

Fill in the following details to e-mail

Subject

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head>  <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0">  <tr>   <td align="left" valign="top">   <br />   Ministry of Finance  <br /><br /> CENVAT Credit (Second Amendment) Rules, 2016<br /><br /> MANU/EXNT/0002/2016 - (03 Feb 2016)<br /><br />  </td>  </tr>    <tr>   <td align="left" valign="top"></td>  </tr>    <tr>   <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Ministry of Finance notified rules amending the CENVAT Credit Rules, 2004. The amendment incorporates Explanation to Rule 2(l)(C), "Explanation.-For the purpose of this clause, sales promotion includes services by way of sale of dutiable goods on commission basis.". Also, is added in Rule 3(4) the proviso: "Provided also that the CENVAT credit of any duty specified in sub-rule (1) shall not be utilised for payment of the Swachh Bharat Cess leviable under sub-section (2) of section 119 of the Finance Act, 2015 (20 of 2015):".</strong></td>  </tr>  <tr>   <td align="left" valign="top" ><strong>Relevant : CENVAT Credit Rules, 2004 <manuid>MANU/EXNT/0028/2004</manuid></strong></td>  </tr>   <tr>   <td align="left" valign="top" ><strong>Tags : Cenvat, rules, sales promotion, swachh bharat</strong></td>  </tr> <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>  <tr>      <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td>  </tr> <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>  <tr>   <td align="left" valign="top">Regards</td>  </tr>  <tr>   <td align="left" valign="top">Team Manupatra</td>  </tr>  <tr>   <td align="left" valign="top">&nbsp;</td>  </tr>   </table> </div> </body> </html>