Simultaneous availment of Modvat procedure as well as full exemption - Difficulties regarding

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..... Revenue) Central Board of Excise and Customs, New Delhi Subject : Simultaneous availment of Modvat procedure as well as full exemption - Difficulties regarding. It has been represented to the Board that difficulties are being faced in availing Modvat as well as full exemption in respect of aluminium circles as well as winding wires made of copper. Aluminium circles of thickness 0.56 .....

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..... fication aforesaid. The manufacturers manufacturing exempted as well as dutiable aluminium circles and winding wires made of copper are being denied the facility of Modvat as well as full exemption simultaneously. The matter has been examined by the Board. There is no bar either under the full exemption notifications aforesaid or Modvat rules for availing both facilities simultaneously. The only .....

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..... taneously exempted as well as dutiable aluminium circles and winding wires made of copper with Modvat facility provided separate accounts are maintained for manufacture of dutiable as well as exempted categories of the aforesaid products right from the raw material stage to the finished stage. Same position will hold good for any other commodity under similar circumstances. Past cases may be se .....

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