Input credit for concessional-rate goods limited to concessional duty plus ad valorem allowance or normal duty, time-limited. Credit for specified goods supplied at a concessional excise rate and received on or after 1 April 1988, when used as inputs in manufacturing, shall be allowed under rule 57B at the rate of duty applicable under the notification plus an ad valorem allowance, or at the duty otherwise applicable but for the notification, whichever is less; the provision does not apply to inputs received in any factory after 31 March 1989.
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 for concessional-rate goods limited to concessional duty plus ad valorem allowance or normal duty, time-limited.
Credit for specified goods supplied at a concessional excise rate and received on or after 1 April 1988, when used as inputs in manufacturing, shall be allowed under rule 57B at the rate of duty applicable under the notification plus an ad valorem allowance, or at the duty otherwise applicable but for the notification, whichever is less; the provision does not apply to inputs received in any factory after 31 March 1989.
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