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Modvat - Declaration under Rule 57G - Regarding

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Full Text of the Document

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....n under Rule 57G - Regarding I am directed to invite your attention to Board's circular No. 43/88, dated 15-9-1988 issued from F. No. 267/114/84-CX.8 on the above subject. It has been clarified in the aforesaid circular that where the classification of the inputs declared by the assessee does not tally with the correct classification then Modvat credit can be taken in RG 23A but should not be u....