Seminar on Modvat - Deemed Modvat credit on specified inputs supplied to job workers - Admissibility regarding - Central Excise - 3/89

Seminar on Modvat - Deemed Modvat credit on specified inputs supplied to job workers - Admissibility regarding Circular No. 3/89 Dated 1-3-1989 [From F. No. 263/8/89-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Seminar on Modvat - Deemed Modvat credit on specified inputs supplied to job workers - Admissibility regarding. I am directed to refer to the minutes of Point No. I of the seminar on Modvat held at Bombay on 5th December, 1988. It has been represented by C. E. I., that there is disparity amongst the Collectors in permitting deemed Modvat credit to the manufacturers on the inputs which were purchased from market vis-a-vis those which were sent to job workers for manufacture of final products. It was decided in the seminar that deemed Modvat credit should be permitted on all the inputs whether purchased or otherwise received by the manufacturers unless such inputs are clearly recognisable as non-duty paid or chargeable to nil rate of duty. The above decision of seminar has been accepted by the Board. All pending cases may be disposed on the basis of above decision. These instructions may be sent to field formation. Trade interests may also be suitably informed. Receipt of this letter may please be acknowledged.