https://www.taxtmi.com/circulars?id=6180 Modvat credit on duty paid for capital goods is allowable only when those capital goods enter into production; manufacturers must file the declaration under Rule 57Q but may avail the credit only after the factory commences production and is registered, and such credit can be utilised solely for payment of duty on goods manufactured and cleared by that factory. en-us Mon, 26 Dec 1994 00:00:00 +0530 Tue, 30 Jun 2009 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6180 Modvat credit on duty paid for capital goods is allowable only when those capital goods enter into production; manufacturers must file the declaration under Rule 57Q but may avail the credit only after the factory commences production and is registered, and such credit can be utilised solely for payment of duty on goods manufactured and cleared by that factory. Circulars Central Excise Mon, 26 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6180