Service Tax in CENVAT Credit Restrictions Ambit under Amended 12AAA CENVAT Rules

[Excise Notification No. 25 dated 25^th August 2014]

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 (Seventh Amendment) Rules, 2014.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the CENVAT Credit Rules, 2004, in rule 12AAA, after the words “first stage and second stage dealer”, the words “provider of taxable service” shall be inserted.

[F.No. 334/15/2014-TRU]