Amendments in Cenvat Credit Rules 2004 inline with Finance Act 2016

[Excise Notification No. 27 (Non Tariff) dated 14^th May 2016]

In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of 1944), section 94 of the Finance Act, 1994 (32 of 1994) read with section 162 of the Finance Act, 2016 (28 of 2016), 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 (Sixth Amendment) Rules, 2016.

(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 3, in sub-rule (4), in ninth proviso, for the words, figures and brackets “sub-clause (1) of clause 159 of the Finance Bill, 2016”, the words, figures and brackets “sub-section (1) of section 162 of the Finance Act, 2016” shall be substituted.