Input credit on vegetable oils clarified: credit must be taken based on quantity received into the factory for use. Corrigendum to Notification No. 46/89 C.E.(N.T.) amends condition (ii) to provide that credit shall be taken on the quantity of vegetable oils received into the factory for the purpose, establishing the quantity received into the factory as the basis for claiming input credit where processes are done in the same factory.
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Input credit on vegetable oils clarified: credit must be taken based on quantity received into the factory for use.
Corrigendum to Notification No. 46/89 C.E.(N.T.) amends condition (ii) to provide that credit shall be taken on the quantity of vegetable oils received into the factory for the purpose, establishing the quantity received into the factory as the basis for claiming input credit where processes are done in the same factory.
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