Input duty credit rules tightened: duplicate credits barred, documentary evidence required and adjustments mandated on duty variations. The amendment prohibits credit under Rule 56A where credit for the same inputs or products has been taken under Rule 57A; refines explanatory clauses in Rule 57A; requires documentary evidence of receipt (Gate Pass, AR-1, Bill of Entry or other prescribed document) before credit can be taken under Rule 57G; mandates adjustment or cash recovery/refund of credit when input duty is subsequently varied under Rule 57E; and permits the Assistant Collector to allow credit for inputs received immediately before the Rule 57G declaration subject to conditions and exclusion for exempt or nil-rated final products under Rule 57H.
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Provisions expressly mentioned in the judgment/order text.
Input duty credit rules tightened: duplicate credits barred, documentary evidence required and adjustments mandated on duty variations.
The amendment prohibits credit under Rule 56A where credit for the same inputs or products has been taken under Rule 57A; refines explanatory clauses in Rule 57A; requires documentary evidence of receipt (Gate Pass, AR-1, Bill of Entry or other prescribed document) before credit can be taken under Rule 57G; mandates adjustment or cash recovery/refund of credit when input duty is subsequently varied under Rule 57E; and permits the Assistant Collector to allow credit for inputs received immediately before the Rule 57G declaration subject to conditions and exclusion for exempt or nil-rated final products under Rule 57H.
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