Modvat credit can be applied to duty on similar goods manufactured from non-duty paid inputs, subject to earlier instructions. Modvat credit on duty-paid inputs may be used to pay excise duty on similar goods produced from non-duty-paid inputs; earlier instructions apply mutatis mutandis to the utilisation of proforma credit and field formations are to be instructed and to acknowledge receipt.
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 can be applied to duty on similar goods manufactured from non-duty paid inputs, subject to earlier instructions.
Modvat credit on duty-paid inputs may be used to pay excise duty on similar goods produced from non-duty-paid inputs; earlier instructions apply mutatis mutandis to the utilisation of proforma credit and field formations are to be instructed and to acknowledge receipt.
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