Input Tax Credit on duty credit scrip for manufacturer-cum-importers introduced: WB VAT

Till 31.03.2015, a deal­er was not enti­tled to avail ITC on duty cred­it scrip oth­er than for the pur­pose of reselling such duty cred­it scrip. By insert­ing third pro­vi­so to sec­tion 22(4), pro­vi­sion has been made w.e.f. 01.04.2015 so that a reg­is­tered deal­er can avail ITC under clause (d) and clause (h) of sec­tion 22(4) on duty cred­it scrip when such scrip, pur­chased local­ly, is used for import­ing goods for the pur­pose of man­u­fac­tur­ing of tax­able goods with­in the State.