Modvat credit variation: Board maintains existing approach to refunds where input credit issues make proposed changes impracticable. The Board reviewed proposals to bar refunds on goods under the Modvat scheme or to shift the onus of proof to assessees claiming refunds where Modvat credit may have been taken, found both measures impracticable, and directed that the existing administrative position regarding refunds and subsequent variation of Modvat credit be maintained and communicated to field formations.
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Provisions expressly mentioned in the judgment/order text.
Modvat credit variation: Board maintains existing approach to refunds where input credit issues make proposed changes impracticable.
The Board reviewed proposals to bar refunds on goods under the Modvat scheme or to shift the onus of proof to assessees claiming refunds where Modvat credit may have been taken, found both measures impracticable, and directed that the existing administrative position regarding refunds and subsequent variation of Modvat credit be maintained and communicated to field formations.
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