Transitional_Provisions
Section 169 : Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations – Transitional Provisions
June 10, 2017
Inspection_Search_Seizure_AndArrest
Section 83 : Access to business premises – Inspection, Search, Seizure And Arrest
June 10, 2017

Section 170 : Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations – Transitional Provisions

Transitional_Provisions

170. Credit of eligible duties and taxes in respect of inputs held in stock to be allowed in certain situations

(1) A registered taxable person, who was engaged in the manufacture of nonexempted as well as exempted goods under the Central Excise Act, 1944 (1 of 1944) or provision of non-exempted as well as exempted services under Chapter V of Finance Act, 1994 (32 of 1994), shall be entitled to take, in his electronic credit ledger,

(a) the amount of Cenvat credit carried forward in a return furnished under the earlier law by him in terms of section 167; and

(b) the amount of Cenvat credit of eligible duties in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the appointed day, relating to exempted goods or services, in terms of section 169.

(CGST Law)

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