Clarification regarding credit taken on inputs used in the manufacture of textile articles cleared under notification No.14/2002-CE or notification No. 30/2004-CE

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..... 04-CE Circular No. 858/16/2007-CX F.No.267/01/2006-CX-8 Government of India Ministry of Finance Department of Revenue Central Board of Excise Customs *** New Delhi dated the 8 th November, 2007 To The Chief Commissioners of Central Excise (All) The Commissioners of Central Excise (All) The Director Generals of Custom and Central .....

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..... he decision the Supreme Court. 2. The matter has been examined. In para-8 of the above- referred Supreme Court decision, it has been held that even when credit is taken, if the entry is reversed before utilization, it would amount to not taking credit. Accordingly, it has been ruled that in such cases, the benefit of the notification cannot be denied. This judgment is given in the context of er .....

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..... as been reversed before utilization , it would amount to credit not having been taken. 4. The field formations may be suitably informed. 5. Hindi version will follow. Yours faithfully, (Rahul Nangare) Under Secretary to the Government of India - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmana .....

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