MODVAT credit utilisation allowed for inputs exported under bond, treated as final products for duty payment or refund parity. Credit under the MODVAT scheme for inputs exported as such under bond may be treated like credit for final or intermediate products: MODVAT credit in the RG-23A Part II account against export of inputs under bond can be utilised towards payment of excise on home consumed goods or refunded in cash in the same manner as provided for final products, and such inputs may be exported under bond without reversal of the credit.