Input credit safeguards preserve entitlement despite document defects where duty is paid and goods are actually used. Amendments to rules 57G and 57T provide that credit for inputs and capital goods shall not be denied solely for certain deficiencies in specified documents or declarations if those documents evidence duty payment, description, assessable value and factory/warehouse details, and if the Assistant Commissioner with jurisdiction is satisfied that duty has been paid and the inputs or capital goods have been or will be used in manufacture; the Assistant Commissioner must record reasons for not denying credit.
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 safeguards preserve entitlement despite document defects where duty is paid and goods are actually used.
Amendments to rules 57G and 57T provide that credit for inputs and capital goods shall not be denied solely for certain deficiencies in specified documents or declarations if those documents evidence duty payment, description, assessable value and factory/warehouse details, and if the Assistant Commissioner with jurisdiction is satisfied that duty has been paid and the inputs or capital goods have been or will be used in manufacture; the Assistant Commissioner must record reasons for not denying credit.
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