Modvat credit document acceptance: specified supplier invoices may be accepted conditionally to permit transitional credit. The Board prescribes that invoices/documents issued by a manufacturer from his factory or depot, a wholesale distributor/dealer of the manufacturer, or an importer from his godown may be accepted as valid for allowing Modvat credit, provided they contain the details required by the relevant notifications and are issued by persons registered under the transitional registration provision; acceptance by the Assistant Collector is limited to the transitional period but pre-registration documents may be accepted if the issuer was eligible to issue such documents.
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 document acceptance: specified supplier invoices may be accepted conditionally to permit transitional credit.
The Board prescribes that invoices/documents issued by a manufacturer from his factory or depot, a wholesale distributor/dealer of the manufacturer, or an importer from his godown may be accepted as valid for allowing Modvat credit, provided they contain the details required by the relevant notifications and are issued by persons registered under the transitional registration provision; acceptance by the Assistant Collector is limited to the transitional period but pre-registration documents may be accepted if the issuer was eligible to issue such documents.
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