Endorsement of transferability On Duty Free Value Based Advanced licences in, Cases where the exports have claimed the benefits of MODVAT Credit- Clarification regarding

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..... rts have claimed the benefits of MODVAT Credit- Clarification regarding. Sir, Your kind attention is invited to Policy Circular No. 15/96-97 dated 9.9.1996.Vide paragraph 4(;) (b) of the Circular it has been provided that where MODVAT/input stage credit as been reversed after clearance of the export goods from the factory but prior to exports or after making ports, in such cases, the redempti .....

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..... e date of export to the date of reversal of MODVAT Credit. Such certificate can be accepted from Manufacturer exporters or Merchant exporters only who indicated details of supporting manufacturer(s) at the time of the issuance of the licence". 3. This issues with the approval of Director General of Foreign Trade. Sd/- (L.B. Singhal) Dy. Director General of Foreign Trade - Circular .....

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