Admissibility of Modvat credit on the strength of a gate pass which does not show the amount of duty paid - Clarification regarding - Central Excise - 22/88-CX.8

Admissibility of Modvat credit on the strength of a gate pass which does not show the amount of duty paid - Clarification regarding Circular No. 22/88-CX.8 Dated 10-6-1988 [From F. No. 267/68/88-CX.8] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Admissibility of Modvat credit on the strength of a gate pass which does not show the amount of duty paid - Clarification regarding. I am directed to say that doubts have been raised as to whether Modvat credit can be permitted on inputs received under a Gate Pass which does not evince payment of duty [by virtue of being relaxed under Rule 173G(2)(ii)]. The matter has been examined by the Board. It has been decided that where the supplier of a raw material has been permitted relaxation from mentioning the rate and/or the amount of duty on the GP 1 [under Rule 173(2)(ii)] Modvat credit should not be denied to the recipient of such inputs on grounds of proviso 1 and 3 to Rule 57G(2). The above instructions may be brought to the notice of the field formation. Receipt of this letter may please be acknowledged.