Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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>SSI Units Face Audit Objections for Not Availing Modvat Credit, Duty Payment Method Questioned u/r 57B.</h1> Small Scale Industrial (SSI) units operating under notification No. 175/86-C.E., dated 1-3-1986, have opted for the Modvat scheme but are not availing credit for duty paid on inputs due to purchasing from the open market without duty-paying documents. These units still pay duty on initial clearances up to fifteen lakhs rupees to allow their customers to claim notional credit under rule 57B. Audit objections arise as credit is not availed, suggesting duty should be paid under a different clause. The Board requests details of similar cases from Collectorates by 30-6-1989.
TaxTMI 
TaxTMI 
