| Sr. No. | Notification No./Date | Rule/Sub-Rule | Nature of Amendment | Effective Date |
| 1. |
| (4)(1) |
(a)
The Cenvat Credit in respect of inputs may also taken on receipt of the
inputs in the premises of the job worker, where in case of goods are
sent directly to the job worker on the direction of the manufacturer or
the provider of output service.
| 1.3.2015 |
| | | |
(b) Time limit for taking credit on inputs and input services from the present 6 months to one year from the date of invoice.
| |
| | | 4(2) |
The
Cenvat Credit in respect of capital goods may also taken on receipt of
the capitals goods in the premises of the job worker, where in case of
goods are sent directly to the job worker on the direction of the
manufacturer or the provider of output service.
| 1.3.2015 |
| | | 4(5)(a) |
In
case of Cenvat Credit on inputs may be availed even if inputs are
directly sent to the premise of the job worker. The goods sent to the
job worker can be moved to another job worker as well, however it shall
be assured that the goods are received back by the manufacturer within
180 days from the date of sending such goods.
In
case, the goods are sent to job worker premises without first receiving
into factory of the manufacturer, then 180 days shall be considered
from the date of receipt of goods by job worker.
Time limit for the return of capital goods from job worker enhanced from the present 6 months to two years.
| 1.3.2015 |
| | | 4(7) |
Cenvat
credit of Service Tax paid under partial reverse charge by the service
receiver without linking it to the payment of service provider allowed
(earlier, eligible only if payment of provision of service had been made
to the service provider)
| 1.4.2015 |
| | | 5(7) |
'Export goods' defined to mean goods which are to be taken out of India to a place outside India
| 1.3.2015 |
| | | 6(1) |
- Provision
relating to reversal of Cenvat credit presently applicable to exempted
goods /services made applicable to non-excisable goods i.e., exempted
goods or final products shall include non- excisable goods cleared for a
consideration from factory.
- Value
of non-excisable goods shall be invoice value or if invoice value is not
available, by using reasonable means in terms of Excise Act.
| 1.3.2015 |
| | | 9(4) |
Rule 9 (4) made applicable to importer dealers issuing an invoice on which Cenvat credit can be taken
| 1.3.2015 |
| | | 12AAA | Restrictions extended to importer | 1.3.2015 |
| | | 14 | Rule substituted for -
- Recovery of Cenvat credit taken wrongly but not utilized.
Section 11A of Central Excise /Section 73 of Finance Act, 1994 to apply for effecting recovery.
- Recovery of Cenvat Credit taken and utilized wrongly or
erroneously refunded with interest and sections 11A and11AA of Central Excise/Sections 73 and 75 of Finance Act, 1994 to apply.
All
credits taken during month shall be deemed to have been taken on last
day of month and utilization thereof in preference of opening balance,
credit admissible taken during the month and then credit inadmissible
taken during the month utilized thereafter.
| 1.3.2015 |
| | | 15 (1) |
| 14-5-2015 |
| | | 15(2) |
| 14-5-2015 |
| | | 15(3) | Penalty to be in terms of section 78(1)of the Finance Act, 1994 | 14-5-2015 |
| 2. |
| 3(7) |
Proviso
substituted in clause (b) to allow credit of education cess and
secondary & higher education cess paid on inputs or capital goods
received in factory on or after 1.3.2015 or paid on capital goods
received in factory in Financial Year 2014-15 or paid on input service
after 1.3.2015 for payment of excise duty leviable under First Schedule of CETA | 30.04.2015 |
| 3. | Notification No. 14/2015-CE(NT) dated 19.05.2015 | 6(3) |
In
clause (i) and second proviso, 'seven percent' has been inserted /
substituted in place of six percent due to change in Service Tax rate
from 12% to 14% w.e.f. 1.6.2015.
| 01.06.2015 |
| 4. | Notification No. 21/2015-CE(NT) dated 07.10.2015 | 6(6) |
Clause
(ix) has been inserted to add 'ethanol produced from molasses generated
from cane crushed' w.e.f. 01.10.2015 onwards for supply to the public
sector oil marketing companies for the purpose of blending with petrol
(in terms of Notification No. 12/2012-CE dated 17.03.2012). | 07.10.2015. |
| 5. | Notification No. 22/2015-CE(NT) dated 29.10.2015 | 3(7) |
Proviso added in rule 3(7)(b) to
allow utilization of Cenvat Credit of Education Cess and Secondary and
Higher Education Cess paid on capital goods or inputs or input services
on or after 01.06.2015 towards payment of Service Tax on output service. | 29.10.2015 |