Minutes of the Modvat meeting held at Bangalore on 29-11-1989 - Point No. 21 & 23 regarding admissibility of Modvat credit on packaging materials used in the manufacture of final products leviable to specific rate of duty
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Modvat credit admissibility: packaging materials qualify for input credit where final products attract specific rate duty. Modvat credit is allowable on packaging materials for final products charged to specific rates of duty; the Rule 57A explanation excluding packaging where ... Summary
Modvat credit admissibility: packaging materials qualify for input credit where final products attract specific rate duty.
Modvat credit is allowable on packaging materials for final products charged to specific rates of duty; the Rule 57A explanation excluding packaging where its cost was not included in assessable value applies to ad valorem goods only and does not bar credit for specific-rated products, so credit may be claimed without reference to inclusion of packaging cost in assessable value.
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