Modvat credit for the period 1/4/94 to 11/5/94

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..... us Chambers of Commerce that invoice issues under rule 57G against Gate - passes are not being recognised as duty paying document for availing credit. 2. It has been reported that Notification No. 15/94-CE (NT) dated 30.3.94. prescribed the invoice issued by - (i) a manufacturer from his factory or depot; or (ii) Wholesale distributor/ dealer of a manufacturer who has bought the excisable goo .....

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..... ned the issue with a view to resolve the difficulties arising out of the budgetary changes in 94-95 relating to acceptance of "invoice" as proper document for the purpose of Modvat credit and issue of Notification No. 15/94-CE (NT) dated 30.3.94. Board (by virtue of the powers conferred by Rule 57H of the Central Excise Rules) hereby prescribes the invoice/document issued against the gate pass for .....

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