Modvat Scheme - certain clarification reg.

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.... to invite attention to the various points raised with regard to availing of credit under the Modvat Scheme, documentation and procedure to be followed. In this connection the points raised by trade and the Commissioners and the Clarification thereof are as follows: Point - I Whether depots/ consignment agents of a manufacturer are required to give certificate stipulated under notification N....

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....eiterates the clarifications already given vide TRU Circular F.No. B-42/ 1/ 96-TRU dated 31.8.96. Point - 3 Whether the value of inputs or the partially processed inputs for the purpose of debiting an amount equal to 10% of the value of such inputs or partially processed inputs under Rule 57F (3A)(i) should also include the value of inputs used during such processing on which on credit has b....

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....ed from the date of payment of duty. Point - 5 What should be the date for computing 6 months period to avail the credit under Rule 57 G where- (i)    Transporter's copy of the invoice is lost and the credit in permitted after a period of 6 months. (ii) Credit is taken under rule 57E of duty paid on a date after 6 months of duty paid originally.Clarification (i) & (....