Modvat credit on capital goods limited: credit allowed only after installation or use; Part I entry permitted on receipt. Manufacturers may enter receipt of capital goods in Part I of RG 23C when received, but shall not claim Modvat credit in RG 23C, Part II for such capital goods received on or after 1-1-1996 until the goods have been installed or put to use in the factory; certificates of installation or use may be furnished by the manufacturer or a designated officer and are normally acceptable, subject to selective verification by Central Excise officers reflected in production records.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Modvat credit on capital goods limited: credit allowed only after installation or use; Part I entry permitted on receipt.
Manufacturers may enter receipt of capital goods in Part I of RG 23C when received, but shall not claim Modvat credit in RG 23C, Part II for such capital goods received on or after 1-1-1996 until the goods have been installed or put to use in the factory; certificates of installation or use may be furnished by the manufacturer or a designated officer and are normally acceptable, subject to selective verification by Central Excise officers reflected in production records.
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