Clarification regarding option and withdrawal of Modvat scheme - Regarding

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..... scheme - Regarding. The undersigned is directed to invite a reference to Ministry's letter of even number, dated the 20th June, 1986, where it had been clarified that it will not be possible to permit a manufacturer availing of the small-scale exemption to opt out of Modvat scheme once he has exercised the option of paying duty (and to avail of Modvat) in any financial year. 2. The matter has be .....

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