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

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..... availed in inputs used in the manufacture 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 revers .....

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..... RG 23 A Part -II account before the removal 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 effec .....

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..... ised for payment of duty (8) Total quantity of final product cleared without payment of duty (manufactured out of common input) (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 .....

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