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of <h1>Fraudulent Modvat Credit: Verify Dealer Registration u/rs 57GG & 174 for Legitimate Business Operations and Facilities.</h1> The circular addresses fraudulent practices in availing Modvat credit, highlighting that some dealers obtain Central Excise registration solely to use their invoices for Modvat credit transfer without having legitimate business operations. It emphasizes that registration under Rule 57GG and Rule 174 requires proper business premises. The Board instructs Central Excise officers to verify that registered dealers have appropriate facilities for handling excisable goods. Transport documents must be recorded to ensure legitimate transactions. Checks should be conducted selectively with approval from the jurisdictional Assistant Collector. Instructions are to be issued to field formations to enforce these measures.
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