Modvat - Difficulty in availing of Modvat credit in the case of incomplete declarations - Regarding - Central Excise - B. 22/59/86-TRU

Modvat - Difficulty in availing of Modvat credit in the case of incomplete declarations - Regarding F.No. B. 22/59/86-TRU Dated 14-11-1986 Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Modvat - Difficulty in availing of Modvat credit in the case of incomplete declarations - Regarding. The undersigned is directed to state that a doubt has been raised whether Modvat credit is available in respect of inputs which are not specified at the time of making the declaration in the Rule 57G even though such inputs have actually been used in the manufacture of final products. 2. The matter has been examined in the Board. The Modvat rules permit credit of duty only in respect of those inputs which have been specified in the declaration. It is not possible to retrospectively amend this declaration so as to bring within its scope such inputs as have not been declared earlier. In other words, no Modvat credit can be given in respect of inputs which were not included in the declaration. There is, however, no bar against amending the declaration prospectively, in which case the non-declared inputs also would be eligible for Modvat, but such credit will be restricted only to such inputs as are received after the revised declaration has been made and acknowledgement obtained thereof.