Modvat taken on duty paid inputs whether can be used for payment of duty on similar goods manufacturing out of non-duty paid inputs - Central Excise - 40/89-CX.8

Modvat taken on duty paid inputs whether can be used for payment of duty on similar goods manufacturing out of non-duty paid inputs Circular No. 40/89-CX.8 Dated 23-8-1989 [From F. No. 261/72/16/87-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise Customs, New Delhi Subject : Whether Modvat credit taken on duty paid inputs can be used for payment of duty on similar goods manufactured out of non duty paid inputs - Instructions regarding. I am directed to refer to Circular No. 37/88 issued vide Board's letter of even number dated 8-8-1988, on the above subject and to say that be aforesaid instructions would mutatis mutandis apply to utilisation of proforma credit under Rule 56A also. Field formations may be instructed accordingly. Receipt of this letter may please be acknowledged.