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of <h1>New Notification Allows Modvat Credit on Invoices from Manufacturers, Dealers, and Importers Under Rule 57G of Central Excise Rules.</h1> Notification No. 32/94-C.E. (N.T.), dated July 4, 1994, issued under rule 57G of the Central Excise Rules, 1944, allows for the acceptance of invoices for Modvat credit. This supersedes the previous notification No. 15/94-C.E. (N.T.) from March 30, 1994. The acceptable invoices can be issued by a manufacturer from the factory or depot, a registered dealer of excisable goods, an importer from a godown, or a registered dealer of imported goods. These invoices must contain details as prescribed under rule 57GG of the Central Excise Rules, 1944.
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