Modvat credit for countervailing duty on parcel-post imports allowed via certified FPO certificate to claim credit. Modvat credit for countervailing duty paid on inputs imported by parcel post is allowed on the basis of a certificate issued by the Foreign Post Office where no Bill of Entry is filed. The importer applies on Proforma A to the Assistant Collector, declares non-dispute/non-refund, and after duty payment the Appraisal Incharge issues Proforma B in triplicate (original to importer, duplicate to the Range Superintendent, copy retained at FPO). The assessee may take credit on receipt and the Range Superintendent reconciles certificates monthly.
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 for countervailing duty on parcel-post imports allowed via certified FPO certificate to claim credit.
Modvat credit for countervailing duty paid on inputs imported by parcel post is allowed on the basis of a certificate issued by the Foreign Post Office where no Bill of Entry is filed. The importer applies on Proforma A to the Assistant Collector, declares non-dispute/non-refund, and after duty payment the Appraisal Incharge issues Proforma B in triplicate (original to importer, duplicate to the Range Superintendent, copy retained at FPO). The assessee may take credit on receipt and the Range Superintendent reconciles certificates monthly.
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