https://www.taxtmi.com/circulars?id=7260 Clarifies conditions for Modvat credit: delegation of powers, removal of inputs on returnable gate passes with prescribed accounts, application of existing stockyard relaxations, requirement that duty documents accompany inputs (with allowance for subsequent receipt and immediate use upon ledger entry), permissibility of credit for buyer supplied inputs with endorsement, chapterwise credit accounts and declarations, exclusion of credit for exempt final products except where segregation is impossible with prior debit before removal, transitional credit rules limiting credit for inputs taxed before the scheme start, and small scale unit eligibility subject to lapsing or repayment of credits. en-us Thu, 10 Apr 1986 00:00:00 +0530 Thu, 09 Jul 2009 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7260 Clarifies conditions for Modvat credit: delegation of powers, removal of inputs on returnable gate passes with prescribed accounts, application of existing stockyard relaxations, requirement that duty documents accompany inputs (with allowance for subsequent receipt and immediate use upon ledger entry), permissibility of credit for buyer supplied inputs with endorsement, chapterwise credit accounts and declarations, exclusion of credit for exempt final products except where segregation is impossible with prior debit before removal, transitional credit rules limiting credit for inputs taxed before the scheme start, and small scale unit eligibility subject to lapsing or repayment of credits. Circulars Central Excise Thu, 10 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7260