https://www.taxtmi.com/circulars?id=6799 Small-scale units filed input credit declarations under Modvat but did not avail credit because inputs were bought without duty-paying documents; nevertheless they paid duty on initial clearances under the provision meant for manufacturers who avail credit to enable purchasers to claim notional input credit. Audit contends the higher initial-clearance duty applies only when the manufacturer actually avails input credit, and that units not availing should follow the alternative clearance provision. The Board has sought reports and views from Collectorates. en-us Wed, 07 Jun 1989 00:00:00 +0530 Wed, 08 Jul 2009 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6799 Small-scale units filed input credit declarations under Modvat but did not avail credit because inputs were bought without duty-paying documents; nevertheless they paid duty on initial clearances under the provision meant for manufacturers who avail credit to enable purchasers to claim notional input credit. Audit contends the higher initial-clearance duty applies only when the manufacturer actually avails input credit, and that units not availing should follow the alternative clearance provision. The Board has sought reports and views from Collectorates. Circulars Central Excise Wed, 07 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6799