Minutes of the North Zone Tariff Conference held at Chandigarh on 18th & 19th September, 1989 - CO) Procedure for granting refund where Modvat credit has been availed of

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.... where Modvat credit has been availed of Circular No. 51/90-CX.8 Dated 20-8-1990 [From F. No. 264/15/89-CX.8] Government of India Central Board of Excise & Customs New Delhi Subject : Minutes of the North Zone Tariff Conference held at Chandigarh on 18th & 19th September, 1989 - CO) Procedure for granting refund where Modvat credit has been availed of. I am directed to invi....

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.... apprehended that this would result in frauds and malpractices being committed by the assessees as there will be no mechanism to verify the correctness of the documents presented by the assessee which is presently being done by inter-departmental correspondence. The Board has observed that the delay in sanctioning of refunds, is basically due to delay by the Central Excise officers in intimatin....