Table Of Content

Table Of Content CENVAT Credit Rules , 2017 Issue Date: 30 -J -June -2 -2017 | Last Updated: 30-June-2017 CENVAT CREDIT RULES , 2017 [ Notification No . 20/2017 -C . E . (N . T . ) , dated 30 -6 -2017] In exercise of the powers conferred by section 37 of the Central Excise Act , 1944 (1 of 1944) and in supersession of the CENVAT Credit Rules , 2004 , except as respects things done or omitted to be done before such supersession , the Central Government hereby makes the following rules , namely :- RULE 1 . Short title , extent and commencement . - (1) These rules may be called the CENVAT Credit Rules , 2017 . (2) They extend to the whole of India . (3) They shall come into force on the 1st day of July , 2017 . RULE 2 . Definitions . - (1) In these rules , unless the context otherwise requires , - (a) " Customs Tariff Act " means the Customs Tariff Act , 1975 (51 of 1975); (b) " electronic credit ledger " means the electronic credit ledger referred to in sub-section (46) of section 2 of the Central Goods and Services Tax Act , 2017 (12 of 2017); (c) " Excise Act " means the Central Excise Act , 1944 (1 of 1944); (d) " exempted goods " means excisable goods which are exempt from the whole of the duty of excise leviable thereon , and includes goods which are chargeable to " Nil " rate of duty; (e) " final products " means excisable goods manufactured or produced from input; (f) " first stage dealer " means a dealer , who purchases the goods directly from , - (i) the manufacturer under the cover of an invoice issued in terms of the provisions of Central Excise Rules , 2017 or from the depot of the said manufacturer , or from premises of the consignment agent of the said manufacturer or from any other premises from where the goods are sold by or on behalf of the said manufactu

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