Court Upholds Job Worker's Right to MODVAT Credit for Capital Goods, Aligns with Revenue Clarification on Ownership.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Entitlement of MODVAT Credit - Capital Goods - ownership - Credit availed by the Job Worker - there was no justification in the Department taking a diametrically opposite view - The clarificatory letter clearly indicated the intention of the Revenue to grant relief in respect of job worker and to the persons who obtained capital goods - HC....