Rule 44A. Manner of reversal of credit of Additional
duty of Customs in respect of Gold dore bar. -
The credit of Central tax in the electronic credit
ledger taken in terms of the provisions of section 140 relating to the CENVAT
Credit carried forward which had accrued on account of payment of the
additional duty of customs levied under sub-section (1) of section 3 of the
Customs Tariff Act, 1975 (51 of 1975), paid at the time of importation of gold
dore bar, on the stock of gold dore bar held on the 1st day of July, 2017 or
contained in gold or gold jewellery held in stock on the 1st day of July, 2017
made out of such imported gold dore bar, shall be restricted to one-sixth of
such credit and five-sixth of such credit shall be debited from the electronic
credit ledger at the time of supply of such gold dore bar or the gold or the
gold jewellery made therefrom and where such supply has already been made, such
debit shall be within one week from the date of commencement of these Rules
