Modvat credit availability limited to declared inputs; prospective amendment permits credit only for inputs received after acknowledgement. Modvat credit is available only for inputs specified in the Rule 57G declaration; omitted inputs cannot be covered retrospectively. A declaration may be amended prospectively, and only inputs received after the revised, acknowledged declaration will be eligible for Modvat credit.
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 availability limited to declared inputs; prospective amendment permits credit only for inputs received after acknowledgement.
Modvat credit is available only for inputs specified in the Rule 57G declaration; omitted inputs cannot be covered retrospectively. A declaration may be amended prospectively, and only inputs received after the revised, acknowledged declaration will be eligible for Modvat credit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.