Modvat credit restriction on paper and paperboard limits admissible input duty credit to actual duty or a statutory per tonne cap. The amendment restricts the credit of excise duty and special excise duty on inputs of paper and paperboard used in the manufacture of final products in India to the lesser of actual duty paid or a prescribed per tonne ceiling, while excluding specified tariff categories and paper produced in free trade zones or by one hundred percent export oriented undertakings from that restriction.
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 restriction on paper and paperboard limits admissible input duty credit to actual duty or a statutory per tonne cap.
The amendment restricts the credit of excise duty and special excise duty on inputs of paper and paperboard used in the manufacture of final products in India to the lesser of actual duty paid or a prescribed per tonne ceiling, while excluding specified tariff categories and paper produced in free trade zones or by one hundred percent export oriented undertakings from that restriction.
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