Cir. No.199/33/1996-CX, dt. 23/04/1996
- Document type
- Circular
- Reference no.
- C
- Dated
Modvat on CG - Time limit prescribed under Rule 57G not applicable
2. Representations have been received from the Trade as to whether the aforesaid time limit of six months will also apply with respect of MODVAT Credit to be availed on capital, goods, as in the case of capital goods it may not be always possible to avail the Credit within six months from the date of issuance of the documents.
3. The matter has been examined by the Board in consultation with Ministry of Law it is hereby clarified that the time limit of six months as prescribed under second proviso to Rule 57G will not apply to availment of credit on capital goods under Rule 57T of the Central Excise Rules, 1944.
Sd/-
(Mallika Arya)
Under Secretary to the Government of India