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of <h1>Ministry of Finance: Modvat Credit Allowed Without Chapter Numbers if Other Details Present; Rule 57G Compliance Needed for Inputs.</h1> The circular from the Ministry of Finance addresses the availability of Modvat credit under specific conditions. It clarifies that Modvat credit should not be denied if a gate pass lacks chapter, heading, or sub-heading numbers, provided other details like duty-payment particulars and goods description are present. Verification from the Jurisdictional Superintendent of Central Excise is required in such cases. However, Modvat credit is not available for inputs received before a declaration under Rule 57G is made, as per previous instructions. The letter requests acknowledgment of receipt and notes that a Hindi version will be issued later.
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