Modvat Meeting held at Hyderabad on 12-7-1990 - Point No. 12 Regarding Modvat credit on disputable items

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..... w Delhi Subject : Modvat Meeting held at Hyderabad on 12-7-1990 - Point No. 12 Regarding Modvat credit on disputable items. I am directed to refer to the minutes on Point No. 12 of the Modvat meeting held at Hyderabad on 12-7-1990 regarding Modvat credit on disputable items. It had been represented by CEI that there is generally a dispute between the industry and the Central Excise field format .....

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..... ed inputs only in RG 23A Part I and will not be utilised till the dispute is finally settled. The assessee can pay duty from PLA under protest to the extent of credit involved under disputed inputs. When the dispute is finally settled the credit can be suitably adjusted. Board has also desired that the disputes should be resolved as soon as possible and preferably within a period of 6 months. Tra .....

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