TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Central Board of Excise & Customs: Deemed Modvat Credit Allowed for All Inputs Unless Non-Duty Paid or Nil Duty Rate.</h1> The circular addresses the issue of deemed Modvat credit on inputs supplied to job workers, discussed during a seminar in Bombay on December 5, 1988. It notes inconsistencies among collectors in granting deemed Modvat credit for inputs purchased from the market versus those sent to job workers. The seminar concluded that deemed Modvat credit should be allowed for all inputs received by manufacturers unless they are clearly non-duty paid or have a nil duty rate. The Central Board of Excise & Customs has accepted this decision, and all pending cases should be resolved accordingly. Relevant parties should be informed of these instructions.
TaxTMI 
TaxTMI 
