Consolidated debit entry allowed in RG 23A Part II, subject to monthly return reporting of input credit by final product. Consolidation of debit entries in RG 23A Part II is permitted on a chapterwise basis to facilitate availing Modvat Credit for various raw materials used in the same final product; manufacturers using this facility must submit a monthly statement with the prescribed monthly return, separately indicating for each final product the details of input credit duty availed as an anti misuse safeguard.
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.
Consolidated debit entry allowed in RG 23A Part II, subject to monthly return reporting of input credit by final product.
Consolidation of debit entries in RG 23A Part II is permitted on a chapterwise basis to facilitate availing Modvat Credit for various raw materials used in the same final product; manufacturers using this facility must submit a monthly statement with the prescribed monthly return, separately indicating for each final product the details of input credit duty availed as an anti misuse safeguard.
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