Executive Summary:
This notification from the Ministry of Finance, Department of Revenue, amends the CENVAT Credit Rules, 2004. It introduces an insertion regarding ethanol produced from molasses generated from cane crushed in the sugar season 2015-16. These rules are called the CENVAT Credit Fourth Amendment Rules, 2015 and came into force on October 7, 2015.
Key Points / Main Content:
* **Amendment Title and Effective Date:**
* The rules are called the CENVAT Credit Fourth Amendment Rules, 2015.
* The amendment came into force on the date of its publication in the Official Gazette (October 7, 2015).
* **CENVAT Credit Rules, 2004 Amendment:**
* In Rule 6, Sub-rule 6, after clause (viii), clause (ix) is inserted.
* Clause (ix) pertains to ethanol produced from molasses generated from cane crushed in the sugar season 2015-16 (i.e., from October 1, 2015, onwards).
* The ethanol must be supplied to public sector oil marketing companies (Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., or Bharat Petroleum Corporation Ltd.).
* The purpose is for blending with petrol, as per S.No.40A of the Table in notification No.12/2012-Central Excise, dated March 17, 2012.
Impact Analysis:
* **Ethanol Producers (using molasses from cane crushed in the 2015-16 sugar season):**
* Impact: Can avail CENVAT credit for ethanol produced from molasses if supplied to specified public sector oil marketing companies for petrol blending.
* Action Required: Ensure compliance with the conditions specified in the notification, including supply to the designated oil companies and adherence to notification No.12/2012-Central Excise.
* **Public Sector Oil Marketing Companies (Indian Oil Corporation Ltd., Hindustan Petroleum Corporation Ltd., Bharat Petroleum Corporation Ltd.):**
* Impact: Importers of Ethanol for Petrol Blending
* Action Required: Ensure suppliers meet the criteria to ensure supply is CENVAT credit eligible.
* **Central Excise Department:**
* Impact: Responsible for implementing and monitoring the amended rules.
* Action Required: Update internal procedures and guidelines to reflect the new provisions and ensure proper enforcement.
Key Entities Referenced
Central Excise Act, 1944: A law that is being amended.
Finance Act, 1994: A law that is being amended.
CENVAT Credit Rules, 2004: Rules that are being amended by this notification.
CENVAT Credit Fourth Amendment Rules, 2015: The name of the amendment rules introduced.
Ministry of Finance: The ministry issuing the notification.
Department of Revenue: The department within the Ministry of Finance issuing the notification.
Indian Oil Corporation Ltd.: A public sector oil marketing company mentioned in the notification.
Hindustan Petroleum Corporation Ltd.: A public sector oil marketing company mentioned in the notification.
Bharat Petroleum Corporation Ltd.: A public sector oil marketing company mentioned in the notification.
New Delhi, Delhi: Place of publication of the gazette.
ANURAG SEHGAL: Under Secretary who signed the notification
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[फा. स.ं-354/78/2009-टीआयू (भाग)]
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MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 7th October, 2015
No. 21/2015-Central Excise (N.T.)
G.S.R. 764(E).—In exercise of the powers conferred by section 37 of the Central Excise Act, 1944 (1 of
1944) and section 94 of the Finance Act, 1994 (32 of 1994), 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 (Fourth Amendment) Rules, 2015.
(2) They shall come into force from the date of their publication in the Official Gazette.
2. In the CENVAT Credit Rules, 2004 (hereinafter referred to as the said rules), in rule 6, in sub-rule (6), after
clause (viii) and the entries relating thereto, the following shall be inserted, namely:—
“(ix) Ethanol produced from molasses generated from cane crushed in the sugar season 2015-16 i.e. 1st
October, 2015 onwards, for supply to the public sector oil marketing companies, namely, Indian Oil
Corporation Ltd., Hindustan Petroleum Corporation Ltd. or Bharat Petroleum Corporation Ltd., for the
purposes of blending with petrol, in terms of the provisions of S.No.40A of the Table in notification
No.12/2012-Central Excise, dated the 17th March, 2012, number G.S.R. 163(E), dated that 17th March, 2012.”.
[F. No. 354/78/2009-TRU (Pt.)]
ANURAG SEHGAL, Under Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide notification No.23/2004-Central Excise (N.T.) dated the 10th September, 2004 vide number
G.S.R. 600(E) dated the 10th September, 2004 and last amended vide notification No.14/2015-Central
Excise (N.T.) dated 19th May, 2015 published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), by number G.S.R. 402(E), dated the 19th May, 2015.
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