Reversal of Modvat credit availed in inputs used in the manufacture of exempted final products

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..... acture of exempted final products Consolidated maintenance of RG 23 A part -II is permitted where the inputs are used in the manufacture of exempted and dutiable final products vide Board's Circular No. 33/33/94-CX dated 04.05.1994. However, in such cases a statement has to be submitted by the assessee in the prescribed proforma showing particulars of reversal of Modvat credit availed on inputs .....

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..... oval of exempted final product on actual or prorate (estimated) basis. 4. However, the assessee will be required to submit a statement in the proforma annexed herewith showing reversal reversal particulars to the jurisdictional Central Excise Officer at the end of the month. The Board's instructions of 33/33/94-CX dated 04.05.1994 are modified to this effect. All pervious Circulars which are con .....

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..... put) (9) Total credit reversed (Col. No) 5-Col. No.7) (10) Prorate Modvat Reversal details of (i) dated of clearance of exempted final product inputs used in exempted final product during the month (ii) Quantity cleared (iii) Amount of credit reversed (iv) PLA / RG - 23 A part - II Entry No. Note : The above statement has to be prepared only in respect of those inputs which have been .....

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