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of <h1>Small-scale industries can use SSI exemption and Modvat/CENVAT credit if separate accounts are maintained for exports and domestic sales.</h1> The circular clarifies that small-scale industries (SSI) can simultaneously avail of SSI exemption for goods cleared for home consumption and Modvat/CENVAT credit for goods exported, provided separate accounts are maintained for production meant for export and home consumption. This applies to units under notification No. 16/97-CE and similar conditions in notifications No. 8/2003-CE and No. 8/2006-CE. The credit can be used for duty payment once the exemption limit is exceeded or refunded if adjustment is not possible. The clarification ensures consistent application across different notifications.
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