Input credit restrictions limit use of specified duty credits to final product clearances, excess credits non-refundable and non-adjustable. The amendment adds the special duty under sub clause (1) of clause 37 of the Finance Bill, 1989 into Notification No. 177/86-C.E., substitutes corresponding proviso language, increases the specified per tonne rate in the second proviso, and inserts a proviso allowing credit of duties on inputs under heading 39.04 used in manufacture of goods under heading 59.03 subject to maintenance of a separate RG 23A account and a utilisation cap per square metre of final product, with any excess credit being non refundable and non adjustable.
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.
Input credit restrictions limit use of specified duty credits to final product clearances, excess credits non-refundable and non-adjustable.
The amendment adds the special duty under sub clause (1) of clause 37 of the Finance Bill, 1989 into Notification No. 177/86-C.E., substitutes corresponding proviso language, increases the specified per tonne rate in the second proviso, and inserts a proviso allowing credit of duties on inputs under heading 39.04 used in manufacture of goods under heading 59.03 subject to maintenance of a separate RG 23A account and a utilisation cap per square metre of final product, with any excess credit being non refundable and non adjustable.
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