https://www.taxtmi.com/circulars?id=7259 The quantum of Modvat credit for inputs purchased from the small scale sector must be the actual duty payable at the rate that would apply but for the small scale sector notification; existing procedural calculations in the Ministry's earlier letter remain authoritative and should be applied to yield that actual duty quantum consistent with the wholesale price inclusive of duty. en-us Wed, 10 Sep 1986 00:00:00 +0530 Thu, 09 Jul 2009 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7259 The quantum of Modvat credit for inputs purchased from the small scale sector must be the actual duty payable at the rate that would apply but for the small scale sector notification; existing procedural calculations in the Ministry's earlier letter remain authoritative and should be applied to yield that actual duty quantum consistent with the wholesale price inclusive of duty. Circulars Central Excise Wed, 10 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7259