Modvat credit eligibility clarified: petroleum coke and coke dust held ineligible where chapter is not specified; recover credits. Modvat credit is allowable only on goods specified by the Central Government notification; goods falling under Chapter 27, including petroleum coke and coke dust, are not covered by Notification No. 177/86 and therefore ineligible for Modvat. Where credit has already been allowed on such items, those allowances are to be treated as a mistake of law and immediately recovered, with compliance reported to the Board.
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Provisions expressly mentioned in the judgment/order text.
Modvat credit eligibility clarified: petroleum coke and coke dust held ineligible where chapter is not specified; recover credits.
Modvat credit is allowable only on goods specified by the Central Government notification; goods falling under Chapter 27, including petroleum coke and coke dust, are not covered by Notification No. 177/86 and therefore ineligible for Modvat. Where credit has already been allowed on such items, those allowances are to be treated as a mistake of law and immediately recovered, with compliance reported to the Board.
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