Certificate endorsement restriction: accepted duty-paying certificates may be endorsed only once, with limited issuance rights for indigenous inputs. The circular confirms that only specified undertakings were authorised to issue certificates for indigenous inputs under the Modvat credit framework, while several public sector undertakings may issue certificates for imported materials accepted as duty paying documents. It further reiterates Board instructions that endorsements of such accepted duty paying certificates are permitted only once, clarifying that no further endorsements are allowed.
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.
Certificate endorsement restriction: accepted duty-paying certificates may be endorsed only once, with limited issuance rights for indigenous inputs.
The circular confirms that only specified undertakings were authorised to issue certificates for indigenous inputs under the Modvat credit framework, while several public sector undertakings may issue certificates for imported materials accepted as duty paying documents. It further reiterates Board instructions that endorsements of such accepted duty paying certificates are permitted only once, clarifying that no further endorsements are allowed.
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