Modvat credit on capital goods to 100% EOUs seeking premature debonding

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..... bonding Circular No. 185/19/96-CX Dated 19-3-1996 [From F. No. 267/71/95-CX.8] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : MODVAT Credit on capital goods .....

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..... ods purchased free of duty (indigenous and imported) at the time of initial setting up of the EOU. Hence, it has been requested that the CVD Component of the import duty so discharged on such capital .....

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