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of <h1>Central Board Reinforces 7-Day Limit for Rule 57F(2) Modvat Applications; Urges Immediate Processing and Compliance.</h1> The circular from the Central Board of Excise & Customs addresses a request made during a Modvat meeting in Coimbatore on January 22, 1991, concerning the time limit for granting permission under Rule 57F(2) of the Modvat scheme. The Board refers to previous instructions from November 2, 1987, which established a 7-day time limit for processing such applications. The Board emphasizes strict adherence to this timeframe and instructs field formations to ensure immediate disposal of applications. Acknowledgment of receipt of the letter is requested.
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