Modvat - Allowing credit of duty paid on inputs purchased from Small Scale Sector - Regarding

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..... Subject : Modvat - Allowing credit of duty paid on inputs purchased from Small Scale Sector - Regarding. The undersigned is directed to invite a reference to Ministry's letter of even number dated the 16th July, 1986 in which the procedures for calculating the credit of duty paid on inputs purchased from Small Scale Sector was prescribed. 2. In this context several references have been r .....

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..... credit. This is in consonance with Section 4 of the Central Excises and Salt Act, 1944 since the wholesale price inclusive of duty remains unchanged. It is thus reiterated that for determining the quantum of duty given as credit in respect of inputs purchased from this small scale sector, the instructions contained in Board's letter dated the 16th July, 1986 should continue to be followed. - Cir .....

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