ITAT suggests amendment to sec. 145A to align it with CENVAT Credit Scheme

IT : Section 145A of the Act was brought into statute in 1998 when MODVAT scheme was prevalent which allowed credit/set off on specified inputs used in manufacture of excisable goods apart from capital goods but now with Cenvat Scheme in operation which allows both manufacturers and service providers to take input credits on goods and services apart from capital goods across cross sectors without any one to one correlation and the Apex Court already holding in Eicher Motor that cenvat credit onc