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of <h1>Circular Clarifies Certificate Issuance for Exporters Under Value Based Advance Licence Scheme, Modvat Credit Rules Explained.</h1> The circular addresses the issue of certificates issued by Central Excise Officers concerning the non-availment of Modvat Credit for exporters under the Value Based Advance Licence scheme. It clarifies that exporters who have not availed Modvat Credit and are eligible for duty-free imports under Notification No. 203/92-Customs can request a verification certificate. This certificate, issued by the Range Superintendent, confirms whether input stage duty credit was taken. Certificates should not be issued if Modvat Credit was obtained before export but reversed after clearance. The circular advises informing relevant trade and field formations.
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