CENVAT

• Time Limit fixed for availment of CENVAT credit
• CENVAT credit on 100% Reverse Charge available on making Service Tax Payment irrespective of vendor payment
• Export of Service vis-à-vis CENVAT Credit
• Transfer of CENVAT credit for Large Tax Payer discontinued

Excise

• Amendment in MRP based valuation
• Advance Ruling
• Amendment in Central Excise Rules
• Amendment in Central Excise Valuation Rules
• Mandatory Pre-Deposit against Right to Appeal. The Concept of Stay Application has been dumped
• Amendment in Settlement Commission provisions
• Miscellaneous Amendments

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