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Central Excise - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

MODVAT credit - supplier of inputs had not discharged full duty ...


MODVAT Credit Granted: Recipient Must Exercise "Reasonable Care," Not Verify Supplier's Duty Payment Status.

August 29, 2013

Case Laws     Central Excise     SC

MODVAT credit - supplier of inputs had not discharged full duty liability for the period covered by the invoices - The proviso postulates and requires “reasonable care” and not verification from the department whether the duty stands paid by the manufacturer-seller - credit allowed - SC

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