Availment and utilisation of modvat credit of duty paid on inputs under Rule 57F (1)(ii)

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..... as been brought to the notice of the Board that after the amendment of Rule 57G vide notification No. 14/96-CE (NT) dated 23.07.96 specifying the documents for the purpose of modvat, the credit is being denied by the field formations is cases where the duty has been paid on the inputs under Rule 57F (1)(ii). In this regard it has been stated that under amended Rule 57G, no credit shall be taken un .....

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..... aid factory. The expression "as if such inputs have been manufactured in the said factory" was omitted vide notification No. 28/95-CE(NT) dated 29.06.95. This omission has been with a view to simplify the procedure of duty payment under Rule 57 F (1)(ii). The intention of this amendment or the amendment of Rule 57G vide notification No. 14/96-CE(NT) dated 23.07.96 has not been to deny the credit o .....

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