Notification 18/2012-C.E. (N.T.) dated 17.03.2012 has amended CENVAT Credit Rules, 2004. All the amendments (except mentioned in point 3.0 hereinbelow) are effective from 01.04.2012. These amendments are summarised as under:

1.0    Expansion of definition of Capital Goods to include Motor Vehicle (other than specified) for all service providers.

2.0    Amendment in definition of input services with respect to Motor Vehicle related Services.

3.0    Payment on removal of Capital Goods after being used (this amendment is effective from 17.03.2012).

4.0    Availment of CENVAT credit in respect of input and capital goods on receipt of same at a place other than registered premises.

5.0    Amendment in scheme of claiming refund of CENVAT credit in respect of export of service.

6.0    Amendment in manner of distribution of CENVAT credit for input service distributor.

7.0    No interest is payable if CENVAT Credit is wrongly availed, but not utilized.

8.0    Amendment in Rule 9 of CENVAT Credit Rules, 2004 - Documents required for availing CENVAT Credit.

Please refer the attached file for understanding the impact of above amendments.