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of <h1>Clarification on Excise Duty Payment: Use PLA or Modvat Credit Under Modvat Scheme for Duty Liabilities.</h1> The circular addresses the question of whether excise duty on finished products under the Modvat scheme must be paid exclusively through the Personal Ledger Account (PLA) or if Modvat credit from the RG 23A account can also be utilized. The Board clarifies that the Modvat scheme allows for the use of either the PLA or Modvat credit for discharging duty liabilities, similar to past practices under the proforma credit scheme. The decision permits assessees the flexibility to choose their method of payment, and lower field formations are instructed to adhere to this guidance.
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