TMI BlogModvat Credit - Clarification regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... -CX.8] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Modvat Credit - Clarification regarding. It has been brought to the notice of the Board that where the g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nufactured by him. Therefore, if the assesse chooses to pay the duty in spite of the goods being fully exempted, Modvat credit cannot be denied on such duty paid inputs if used in the manufacture of f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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