TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification on Modvat Credit Eligibility for Components u/r 57Q of Central Excise Rules, 1944: All Classifications Included.</h1> The circular clarifies the eligibility for availing Modvat credit on components, spares, and accessories under Rule 57Q of the Central Excise Rules, 1944. It addresses confusion regarding the interpretation of clause (d) of Explanation (1), which specifies that credit is not limited to components classified under Chapters 82, 84, 85, or 90. Instead, all components, spares, and accessories used with capital goods mentioned in clauses (a) to (c) are eligible for credit, regardless of their classification. This clarification aims to ensure consistent application of Modvat credit rules across various classifications.
TaxTMI 
TaxTMI 
