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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Board Denies Relaxation of Rule 57J: No Modvat Credit for Intermediate Goods from Same Manufacturer's Units.</h1> The circular discusses Rule 57J of the Modvat Scheme, focusing on the eligibility for Modvat credit on intermediate goods manufactured on a job charge basis. The Board examined a request to extend this facility to intermediate products made by other units of the same manufacturer. Rule 57J allows credit for certain inputs in exempted intermediate products brought from outside, provided they are manufactured as job work and meet specific notification requirements. The Board decided against general relaxation of Rule 57J, emphasizing the need to maintain the Modvat chain, and instructed that this decision be communicated to relevant parties.
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