Modvat credit admissible in respect of CVD paid on car packs imported in CKD/SKD condition

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..... er of Central Excise, Mumbai - II - Regarding It has been brought to the notice of the Board that Central Excise Authorities are not allowing MODVAT credit of the entire CVD paid on the car kit imported in CKD/SKD condition assessed to duty as a complete car at the rate of 40% by the Customs Authorities. It has been further reported that some Commissionerates are restricting the MODVAT credit o .....

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