Modvat credit admissibility: credit on inputs in cut tyres and tubes remains unaffected despite exemption status. Under Rule 57D(1), credit for duty paid on inputs embodied in cut tyres and tubes cannot be varied even where those goods are exempted under Notification ... Summary
Modvat credit admissibility: credit on inputs in cut tyres and tubes remains unaffected despite exemption status.
Under Rule 57D(1), credit for duty paid on inputs embodied in cut tyres and tubes cannot be varied even where those goods are exempted under Notification 76/86-C.E.; the exemption does not alter entitlement to Modvat credit attributable to such inputs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
