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of <h1>Modvat Credit Should Be Granted Despite Minor Classification Variations If Input Description and Chapter Number Are Correct.</h1> The circular addresses the denial of Modvat credit on duty-paid inputs due to classification variations up to the six-digit level. Under rule 57G of the Central Excise Rules, 1944, manufacturers must file a declaration detailing inputs and final products. It was noted that Modvat credit was being denied due to minor classification discrepancies. The Board examined the issue and decided that credit should be granted if the input description and Chapter number in the declaration are correct, regardless of minor classification variations, as long as the duty rate remains unaffected.
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