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of <h1>Clarification on Modvat Credit Eligibility for Inputs with Duty Paid u/r 57F(1)(ii) and Invoices u/r 52A.</h1> The circular addresses issues related to the denial of Modvat credit on inputs where duty is paid under Rule 57F(1)(ii) following amendments to Rule 57G. The amendment required inputs to be received with an invoice from the manufacturer under Rule 52A or 100E. However, confusion arose when duty was paid on inputs manufactured by others under Rule 57F(1)(ii). The Board clarified that the amendments were not intended to deny credit for such inputs, and credit should be granted when duty is paid under Rule 57F(1)(ii) with invoices issued under Rule 52A. Trade and field formations are to be informed accordingly.
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