Modvat credit restriction: endorsed certificates cannot be used to claim Modvat; past claims must be verified and corrected. Modvat credit is not permissible on endorsed certificates; the original certificate issued by canalising/public sector agencies is a duty paying document and endorsements do not confer entitlement to Modvat. The practice of endorsing certificates for the purpose of claiming Modvat must be stopped, and past credits taken on endorsed certificates should be verified for authenticity with demands raised where discrepancies are found.
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 restriction: endorsed certificates cannot be used to claim Modvat; past claims must be verified and corrected.
Modvat credit is not permissible on endorsed certificates; the original certificate issued by canalising/public sector agencies is a duty paying document and endorsements do not confer entitlement to Modvat. The practice of endorsing certificates for the purpose of claiming Modvat must be stopped, and past credits taken on endorsed certificates should be verified for authenticity with demands raised where discrepancies are found.
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