https://www.taxtmi.com/circulars?id=7045 The Board clarified that Modvat credit on packaging is permissible only when the packing material is brought into the manufacturer's premises in a ready to use condition; Modvat credit is not admissible on raw materials brought in and sent to job workers for conversion into packing material. Manufacturers availing such credit on raw materials must stop the practice and recovery action should be taken for wrong availment; field formations are to be informed. en-us Thu, 03 Mar 1988 00:00:00 +0530 Thu, 09 Jul 2009 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7045 The Board clarified that Modvat credit on packaging is permissible only when the packing material is brought into the manufacturer's premises in a ready to use condition; Modvat credit is not admissible on raw materials brought in and sent to job workers for conversion into packing material. Manufacturers availing such credit on raw materials must stop the practice and recovery action should be taken for wrong availment; field formations are to be informed. Circulars Central Excise Thu, 03 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7045