Modvat credit certificates: consignment agent-issued documents not equivalent to stockyard-issued certificates, therefore Modvat credit not allowed. Certificates issued by stockyards of Integrated Steel Plants, signed in full by the authorised stockyard officer with name and designation, alone qualify as Board-prescribed documents for claiming Modvat credit; certificates issued by consignment agents are not equivalent and Modvat credit must not be allowed on their strength.
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 certificates: consignment agent-issued documents not equivalent to stockyard-issued certificates, therefore Modvat credit not allowed.
Certificates issued by stockyards of Integrated Steel Plants, signed in full by the authorised stockyard officer with name and designation, alone qualify as Board-prescribed documents for claiming Modvat credit; certificates issued by consignment agents are not equivalent and Modvat credit must not be allowed on their strength.
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