A new Circular No 943/04/2011-CX dated 29th April 2011 has been issued by Ministry of Finance.The circular in detailed is given as under :-
Circular No. 943/04/2011-CX
New Delhi, 29th April 2011
Government of India
Ministry of Finance
Department of Revenue
Tax Research Unit
The Chief Commissioners of Central Excise and Service Tax (All),
The Director General (All),
The Commissioners of Service Tax (All),
The Commissioners of Central Excise and Service Tax (All).
Sub:- Clarification on issues relating to CENVAT Credit Rules 2004-Regarding.
The CENVAT Credit Rules 2004 were amended along with the Budget 2011 announcements vide Notification 3/2011-CE (NT) dt. 1.3.2011. A few changes were further effected vide Notification 13/2011-CE (NT) dt 31.3.2011. On a few issued trade has requested clarity. Accordingly the following clarifications are presented issue wise in a tabular format.
2. Trade and Industry as well as field formations may be suitably informed.
3. Receipt of the Circular may kindly be acknowledged.
4. Hindi version will follow.