2000 (3) TMI 69

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....e heard the Counsel for the Revenue. We have also perused the order of the Tribunal. 2. It is the submission of the learned Counsel that Modvat credit for inputs cannot be taken by a manufacturer, unless the person who sold the inputs to the manufacturer of the final product had paid the duty and such payment was noted in the gate pass before the inputs were delivered to the manufacturer of the....

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....turer for the inputs, that is material nor the mention of the same in the gatepass, but it is the actual payment of the duty. Rule 57A(1) permits the manufacturer to take such credit on "the goods used in the manufacturer of the said final products." The pre-condition therefore is that the goods should have been used in the manufacture. It is not the time of the receipt of the goods nor the time a....

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....dit for the inputs, it so happens that any additional amount of duty is recovered from the manufacturer of such inputs, then the manufacturer of the final product is to be allowed an additional credit equal to the amount of the duty so recovered. If the manufacturer or importer of the input has passed on the extent of additional amount of duty to the manufacturer of the final products. 4. What ....