Modvat - Certificate issued by a consignment agent not to be treated at par with certificates issued by the stock yard of an Integrated Steel Plants - Central Excise - 20/93-CX.8

Modvat - Certificate issued by a consignment agent not to be treated at par with certificates issued by the stock yard of an Integrated Steel Plants Circular No. 20/93-CX.8 Dated 13-12-1993 [From F. No. 267/34/92-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi I have been directed to refer to Rule 57G under which the Board is authorised to prescribe documents other than gate passes on the basis of which Modvat credit can be availed. The Board has prescribed certificates issued by the stockyard of Integrated Steel Plants as documents on the basis of which Modvat credit can be taken. This was done through Board's Circular No. 28/80-CX.6, dated 1-7-1980, 30/80-CX.6, dated 3-9-1980 and 76/81-CX.8, dated 8-12-1981. Circular 76/81 stated that these certificates should be signed in full by the stockyard officer authorised in this regard who is to indicate his name and designation on the certificates. 2. The Board has received representations that this benefit should be extended to the certificates issued by the consignment agents appointed by such Integrated Steel Plants. 3. The issue has been examined by the Board. A certificate issued by a consignment agent cannot be treated at per with the certificates issued by the stockyard of an Integrated Steel Plants. As such, no credit should be allowed on the strength of the certificates issued by the consignment agents appointed by the Integrated steel Plants. 4. Trade and field information may be instructed accordingly. 5. Receipt of this Circular may also kindly be acknowledged.