Reversal of Modvat Credit by Exporters

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..... to the minutes of the Principal Collectors Conference under para 3 of the DEEC scheme circulated vide Board's letter F. No. 267/9/95-CX.8, dated 13-2-1995 . 2. Some doubts have been raised whether the expression "the exporters can be permitted to reverse the credit taken in respect of inputs used in the exported finished product with reference to the actual amount of duty credit taken, and if the .....

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