Central Excise - Credit of Modvat benefit of countervailing duty paid on imported colour picture tubes imported by Public Sector undertaking - Regarding - Central Excise - 267/66/87-CX.8

Central Excise - Credit of Modvat benefit of countervailing duty paid on imported colour picture tubes imported by Public Sector undertaking - Regarding F. No. 267/66/87-CX.8 Dated 27-7-1987 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject: Central Excise - Credit of Modvat benefit of countervailing duty paid on imported colour picture tubes imported by Public Sector undertaking - Regarding. M/s. Electronic Trade Technology Development Corporation Ltd. (a public sector undertaking) have brought to the notice of the Board that their customers are facing difficulty in claiming credit of Modvat benefit of the C.V.D. paid on picture tubes imported in bulk by them (as canalizing agency) and supplied by them to T.V. manufacturers in India. They have, represented that the certificate issued by them (to customers) endorsing payment of C.V.D. is not being accepted as proof of payment of countervailing duty by Central Excise authorities and instead subsidiary Gate pass or a bill of entry endorsed in the name of buyer is being insisted upon. 2. In this regard attention is invited to page 8, para 1 of Modvat Guide (2), wherein it has already been provided that in case of import of inputs canalized through the public sector undertakings like STC/MMTC, credit under Modvat Scheme can be taken on the strength of the certificate issued by such public sector undertaking as a proof of payment of countervailing duty. 3. It has therefore been decided that similar procedure should be followed in respect of colour picture tubes imported by M/s. Electronics Trade Technology Development Corporation Ltd. The receipt of these instructions may be acknowledged.