Custom Judgements


Reversal of Modvat Credit ::

  CA.Saibaburao Nanduri    05 September 2007 at 11:25

Notification no.15/94-C.E.dated 01.03.94 exempts certain final products of chapter 39 from payment of excise duty only if credit is not taken on inputs used for manufacturing final products.The court held that reversal of Modvat credit amounts to non

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Reversal of Modvat credit ::

  CA.Saibaburao Nanduri    05 September 2007 at 11:25

It was held by the High Court that the benefit of the exemption notification would be granted to the assessee.

Posted in Custom |   55 Views



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