{"id":280,"date":"2014-11-20T00:00:00","date_gmt":"2014-11-19T18:30:00","guid":{"rendered":""},"modified":"2015-12-29T11:54:10","modified_gmt":"2015-12-29T06:24:10","slug":"clarification-regarding-availment-of-cenvat-credit-after-six-months-cbec-circular","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/services-tax\/clarification-regarding-availment-of-cenvat-credit-after-six-months-cbec-circular\/","title":{"rendered":"Clarification regarding availment of CENVAT credit after six months CBEC Circular"},"content":{"rendered":"

Circular No.:
\n990\/14\/2014-CX-8<\/strong><\/p>\n

F. No. 267\/72\/2013-CX.8
\n(Pt)<\/p>\n

Government of India<\/p>\n

Ministry of Finance<\/p>\n

Department of Revenue<\/p>\n

Central Board of Excise
\nand Customs<\/p>\n

*************<\/p>\n

New Delhi, the 19th<\/sup> of November, 2014<\/p>\n

 <\/p>\n

To,<\/p>\n

Principal Chief Commissioners\/Chief
\nCommissioners of Central Excise (All)<\/p>\n

Principal Chief Commissioners\/Chief
\nCommissioners of Central Excise of Central Excise & Customs (All)<\/p>\n

Director General, Directorate General of Central
\nExcise Intelligence<\/p>\n

Principal Commissioners\/Commissioners of Central
\nExcise (All)<\/p>\n

Principal Commissioners\/Commissioners of Central
\nExcise & customs (All)<\/p>\n

Web-master, CBEC<\/p>\n

 <\/p>\n

Madam\/Sir,<\/p>\n

 <\/p>\n

Sub: Clarification regarding<\/strong> availment <\/strong>of CENVAT credit<\/strong> after six
\nmonths-reg.<\/strong><\/p>\n

 <\/p>\n

           Attention is invited to the Notification of the
\nGovernment of India in the Ministry of Finance, Department of Revenue No.
\n21\/2014-CE (NT) dated 11.07.2014, vide which, inter alia, amendment was made in
\nRule 4(1) and 4(7) of CENVAT Credit Rules, 2004 (CCR, 2004) to prescribe that
\nmanufacturer or output service provider shall not take CENVAT credit after six
\nmonths of the date of issue of any of the documents specified in sub-rule (1)
\nof Rule 9.<\/p>\n

 <\/p>\n

2.     Concerns have been expressed by trade that in
\nview of above changes, the re-credit taken in following three situations may be
\nhit by the time limit of six months prescribed:<\/p>\n

                      i.        3rd<\/sup> proviso to Rule 4(7) of CCR, 2004 prescribes that if the payment
\nof value of input service and service tax payable is not made within three
\nmonths of date of invoice, bill or challan, then the CENVAT Credit availed is required to be paid back by
\nthe manufacturer or service provider. Subsequently, when such payment of value
\nof input service and service tax is made, the amount so paid back can be
\nre-credited.<\/p>\n

                     ii.        According to Rule 3(5B) of CCR, 2004, if the
\nvalue of any input or capital goods before being put to use on which CENVAT
\nCredit has been taken, is written off or such provisions made in Books of
\nAccount, the manufacturer or service provider is required to pay an amount
\nequal to credit so taken. However, when the inputs or capital goods are
\nsubsequently used, the amount so paid can be re-credited in the account.<\/p>\n

                    iii.        Rule 4(5)(a) of CCR, 2004 prescribes that in
\ncase inputs sent to job worker are not received back within 180 days, the
\nmanufacturer or service provider is required to pay an amount equal to credit
\ntaken on such inputs in the first instance. However, when the inputs are
\nsubsequently received back from job worker, the amount so paid can be
\nre-credited in the account.<\/p>\n

 <\/p>\n

3.      The matter has been examined. The purpose of the
\namendment made by Notification No. 21\/2014-CE (NT) dated 11.07.2014 is to
\nensure that after the issue of a document under sub-rule (1) of Rule 9, credit
\nis taken for the first time within six months of the issue of the document.
\nOnce this condition is met, the limitation has no further application. It is,
\ntherefore, clarified that in each of the three situations described above
\npertaining to Rule 4(7), Rule 3(5B) or Rule 4(5) (a) of CCR, 2004, the
\nlimitation of six months would apply when the credit is taken for the first
\ntime on an eligible document. It would not apply for taking re-credit of amount
\nreversed, after meeting the conditions prescribed in these rules<\/p>\n

 <\/p>\n

4.      Difficulties faced, if any, in
\nimplementation of this Circular may be brought to the notice of the Board.
\nHindi version follows.<\/p>\n

 <\/p>\n

(Shankar Prasad<\/span> Sarma<\/span>)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Circular No.: 990\/14\/2014-CX-8 F. No. 267\/72\/2013-CX.8 (Pt) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs ************* New Delhi, the 19th of November, 2014   To, Principal Chief Commissioners\/Chief Commissioners of Central Excise (All) Principal Chief Commissioners\/Chief Commissioners of Central Excise of Central Excise & Customs (All) Director General, Directorate … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[97,96],"yoast_head":"\nClarification regarding availment of CENVAT credit after six months CBEC Circular - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/services-tax\/clarification-regarding-availment-of-cenvat-credit-after-six-months-cbec-circular\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clarification regarding availment of CENVAT credit after six months CBEC Circular - All About Finance\" \/>\n<meta property=\"og:description\" content=\"Circular No.: 990\/14\/2014-CX-8 F. 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