Input Duty Credit Verification: new rules require verifiable supplier identity before availing input-duty credit. The amendment substitutes clauses in rules 173Q and 209 to deem as impermissible taking credit of duty on inputs without having taken 'reasonable steps' to verify that appropriate excise or countervailing duty has been paid, failing to use inputs or credits as required, misreporting receipt and disposal, contravening Section AA of Chapter V, or wilfully entering wrong particulars in gate-passes to enable impermissible credit; it defines 'reasonable steps' as verification by personal knowledge, a certificate with a familiar signature, or a certificate from the Superintendent of Central Excise, and requires retention of such certificates for production on demand.
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 Duty Credit Verification: new rules require verifiable supplier identity before availing input-duty credit.
The amendment substitutes clauses in rules 173Q and 209 to deem as impermissible taking credit of duty on inputs without having taken "reasonable steps" to verify that appropriate excise or countervailing duty has been paid, failing to use inputs or credits as required, misreporting receipt and disposal, contravening Section AA of Chapter V, or wilfully entering wrong particulars in gate-passes to enable impermissible credit; it defines "reasonable steps" as verification by personal knowledge, a certificate with a familiar signature, or a certificate from the Superintendent of Central Excise, and requires retention of such certificates for production on demand.
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