Modvat credit documentation: specified certificates and gate-passes qualify for credit when issued and claimed within prescribed timelines. Prescribes specific certificates, endorsed gate-passes and subsidiary documents issued by designated trade bodies, import agencies, manufacturers and public sector corporations as acceptable proof for claiming Modvat credit on countervailing duty paid on specified imported inputs and components, provided such documents were issued before the prescribed cutoff and the credit was taken within the allowed transitional period.
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 documentation: specified certificates and gate-passes qualify for credit when issued and claimed within prescribed timelines.
Prescribes specific certificates, endorsed gate-passes and subsidiary documents issued by designated trade bodies, import agencies, manufacturers and public sector corporations as acceptable proof for claiming Modvat credit on countervailing duty paid on specified imported inputs and components, provided such documents were issued before the prescribed cutoff and the credit was taken within the allowed transitional period.
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 
