1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
---------------- For section wise search only -----------------
Accuracy Level ~ 90%
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Appeal Dismissed: Modvat Credit for Thinners Allowed</h1> The Department's appeal against the Collector (Appeals) decision allowing the assessee to take Modvat credit on duty paid for thinners used in paint for ... Modvat - Clarification The Department appealed the Collector (Appeals) finding that the assessee could take Modvat credit on duty paid for thinners used in paint for motor vehicles. The Department argued that a circular initially disallowed credit, but a later circular allowed it. The judge ruled that credit is available for inputs used in manufacturing the finished product, as long as the input is not excluded by Rule 57A. The judge upheld the assessee's right to take credit, stating that the Board's circular cannot restrict the rules. The appeal was dismissed.
TaxTMI 
TaxTMI 
