Modvat credit for countervailing duty: importers can secure credit despite missing Bill of Entry declaration with officer verification. Importers may obtain Modvat credit of countervailing duty paid on imported goods despite absence of a Bill of Entry declaration if the importer submits a declaration to the Jurisdictional Central Excise Officer that no refund was claimed or obtained; Central Excise may grant credit and refer Customs to verify that no refund was sanctioned, with Customs annotating the Bill of Entry and withholding refunds unless Central Excise confirms adjustment, and any prior refund will be deducted from the credit allowed.
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 for countervailing duty: importers can secure credit despite missing Bill of Entry declaration with officer verification.
Importers may obtain Modvat credit of countervailing duty paid on imported goods despite absence of a Bill of Entry declaration if the importer submits a declaration to the Jurisdictional Central Excise Officer that no refund was claimed or obtained; Central Excise may grant credit and refer Customs to verify that no refund was sanctioned, with Customs annotating the Bill of Entry and withholding refunds unless Central Excise confirms adjustment, and any prior refund will be deducted from the credit allowed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
