Modvat credit on imported inputs: procedural declaration at first use enables credit subject to Customs-Central Excise verification. Importer need not declare C.V. duty on the Bill of Entry at import for Bombay Customs House entries; when goods are put to use the importer must declare to the jurisdictional Central Excise officer that no refund of the C.V. duty has been claimed. Central Excise may allow Modvat credit and will seek verification from Bombay Customs House, which will note the Bill of Entry and withhold any refund unless confirmed that the manufacturer's credit account has been debited; if Customs already refunded, it will report the net refunded amount. Importer must furnish user/factory details to Customs.
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 imported inputs: procedural declaration at first use enables credit subject to Customs-Central Excise verification.
Importer need not declare C.V. duty on the Bill of Entry at import for Bombay Customs House entries; when goods are put to use the importer must declare to the jurisdictional Central Excise officer that no refund of the C.V. duty has been claimed. Central Excise may allow Modvat credit and will seek verification from Bombay Customs House, which will note the Bill of Entry and withhold any refund unless confirmed that the manufacturer's credit account has been debited; if Customs already refunded, it will report the net refunded amount. Importer must furnish user/factory details to Customs.
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