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Central Excise - Highlights / Catch Notes

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CENVAT Credit - inputs were issued for manufacturing of watches ...

Central Excise

June 13, 2015

CENVAT Credit - inputs were issued for manufacturing of watches and the same were found defective during the process of manufacture or during the course of Research and Development process which is integral part of the manufacturing process. - when float glass has been put to use and it was found defective, modvat credit cannot be denied. - AT

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