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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clarification on MODVAT/CENVAT Credit Use for Molasses in Sugar and Distillery Units: Guidelines Provided.</h1> The circular addresses the divergent practices in utilizing MODVAT/CENVAT credit on molasses for duty payment on sugar. It clarifies that molasses, a by-product in sugar manufacturing, attracts specific duties and can be used in producing ethyl alcohol. The circular outlines scenarios: if ethyl alcohol is non-excisable or exempted, no credit on in-house molasses is available; if duty-paid molasses is procured, credit can be used for dutiable products. In distinct sugar and distillery units, credit on molasses used as input by the distillery is permissible. Each case should be assessed individually based on these guidelines.
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