Problem regarding admissibility of money credit on exports - Minutes on Point No. 7 of the Modvat Meeting held at Bombay on 7-5-1990 - Regarding

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..... F. No. 263/4/91-CX.8] Government of India Central Board of Excise & Customs New Delhi Subject : Problem regarding admissibility of money credit on exports - Minutes on Point No. 7 of the Modvat Meeting held at Bombay on 7-5-1990 - Regarding. I am directed to invite your attention to the minutes on Point No. 7 of the Modvat meeting held at Bombay on 7-5-1990 regarding admissibility of money c .....

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..... r export under bond and such credit can only be utilised towards the payment of duty of excise on similar final products cleared for home consumption on payment of duty. Board has therefore decided that there is no justification for extending the facility for refund to intermediate goods used in the final products cleared for export. Trade and field formations may be informed suitably. Receipt .....

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