Modvat credit admissibility: input credit cannot be denied due to slag, wastes or invisible melting losses in manufacture. Admissibility of Modvat credit is confirmed where duty-paid inputs are contained in slag, wastes or invisible melting losses arising in the manufacture of copper and articles; such presence in waste does not justify denial of input credit and field formations are directed to apply excise waste provisions accordingly.
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 admissibility: input credit cannot be denied due to slag, wastes or invisible melting losses in manufacture.
Admissibility of Modvat credit is confirmed where duty-paid inputs are contained in slag, wastes or invisible melting losses arising in the manufacture of copper and articles; such presence in waste does not justify denial of input credit and field formations are directed to apply excise waste provisions accordingly.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.