Modvat credit on countervailing duty permitted where supplier certificates substitute subsidiary gate passes for input credit. The Board authorised acceptance of certificates issued by the supplier showing particulars of the countervailing duty paid and the bill of entry under which the goods were imported as duty paying documents for claiming Modvat credit; the procedure prescribed for canalised imports through public sector undertakings (MMTC/STC) is to be followed in issuing such certificates.
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 on countervailing duty permitted where supplier certificates substitute subsidiary gate passes for input credit.
The Board authorised acceptance of certificates issued by the supplier showing particulars of the countervailing duty paid and the bill of entry under which the goods were imported as duty paying documents for claiming Modvat credit; the procedure prescribed for canalised imports through public sector undertakings (MMTC/STC) is to be followed in issuing such certificates.
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