Availing of Modvat Credit on inputs at a later date - Regarding

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..... to point No. 5 of the Modvat meeting held on 7th May, 1990 at Bombay, wherein it was decided that Modvat credit is to be taken immediately on receipt of inputs alongwith duty paying documents in the assessee factory. However, stray cases of genuine delay could be taken up with the concerned Collector of Central Excise. 2. It has been brought to the Board's notice that SCNs' are being issued to t .....

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..... declaration immediately on receipt of the inputs alongwith duty paying documents. There is no question of taking credit at any later date than the date of receipt of inputs in the factory alongwith duty paying documents. DECISION Credit is to be taken immediately on receipt of inputs alongwith duty paying documents in the assessees factory. Stray cases of genuine delay may be taken up with the .....

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