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of <h1>Calcutta Meeting on Modvat Credit Clarifies Rule 57G: Classification Over Nomenclature Differences for Similar Products.</h1> A Modvat meeting held in Calcutta on September 19, 1990, addressed the denial of Modvat credit due to changes in product nomenclature under Rule 57G. The trade raised concerns about Central Excise authorities not allowing provisional Modvat credit when disputes arise over input classification, even when products are similar. The Central Board of Excise and Customs clarified that Modvat credit should not be denied if the product's classification within the relevant chapter is accurate, regardless of nomenclature differences due to varying trade practices. Trade and field formations are to be advised accordingly. Receipt of this communication should be acknowledged.
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