Modvat credit: allow input credit when gate pass was applied in advance even if certificate issued after removal. Where the application for a subsidiary gate pass is made sufficiently in advance of removal, Modvat credit shall not be denied merely because the Range Superintendent's certificate is issued after the recorded date and time of removal. The certificate must record the date and time of receipt of the application and the date and time of removal of duty-paid excisable materials or components. Range Superintendents must issue gate passes within the prescribed short period and report delays to the Collector for remedial action, and credit should be allowed when the application was timely despite later certification.
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: allow input credit when gate pass was applied in advance even if certificate issued after removal.
Where the application for a subsidiary gate pass is made sufficiently in advance of removal, Modvat credit shall not be denied merely because the Range Superintendent's certificate is issued after the recorded date and time of removal. The certificate must record the date and time of receipt of the application and the date and time of removal of duty-paid excisable materials or components. Range Superintendents must issue gate passes within the prescribed short period and report delays to the Collector for remedial action, and credit should be allowed when the application was timely despite later certification.
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