Deemed credit for steel sheets of limited thickness permitted for manufacturers, subject to specified exclusions and documentary rules. Steel sheets of thickness not exceeding 5 mm under Heading 72.12, purchased from outside and held in stock on or after 1-6-1986 by manufacturers of final products specified in Notification No. 177/86-C.E., may be deemed to have paid the specified duty at the revised rate and credit of that specified duty may be allowed without production of duty-payment documents. Credit is not allowable where credit has already been claimed, where inputs are clearly recognisable as non-duty paid or nil-rated, or where documentary evidence shows reduced duty was paid under the electric-furnace proviso to Notification No. 55/86-C.E.
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.
Deemed credit for steel sheets of limited thickness permitted for manufacturers, subject to specified exclusions and documentary rules.
Steel sheets of thickness not exceeding 5 mm under Heading 72.12, purchased from outside and held in stock on or after 1-6-1986 by manufacturers of final products specified in Notification No. 177/86-C.E., may be deemed to have paid the specified duty at the revised rate and credit of that specified duty may be allowed without production of duty-payment documents. Credit is not allowable where credit has already been claimed, where inputs are clearly recognisable as non-duty paid or nil-rated, or where documentary evidence shows reduced duty was paid under the electric-furnace proviso to Notification No. 55/86-C.E.
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