Fraudulent availment of Modvat credit - Preventive measures - Regarding

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..... cise Customs, New Delhi Subject : Fraudulent availment of Modvat credit - Preventive measures - Regarding. It has been brought to the notice of the Board that there is a tendency on the part of some dealers to obtain Central Excise registration, merely for the sake of using their invoice for transfer of Modvat Credit, even though the dealers do not have proper business premises or witho .....

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..... s of such dealers, both while they receive the goods and also while they pass on the goods down the line to others who will in due course, claim Modvat credit. It should be ensured that dealers registered with the Central Excise Department for the purpose of passing on the Modvat credit actually deal in the excisable goods and are not merely name lenders or, are not fictitious entities with only a .....

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