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of <h1>Rule 56A: Modvat Credit Denied for Exempt Goods; Mixed Production Allows Credit with Conditions.</h1> The circular addresses issues related to Rule 56A concerning inputs used in manufacturing both exempted and dutiable goods under Central Excise. It clarifies that Modvat credit is not available for final products that are exempt or have a nil duty rate. However, if a manufacturer produces both dutiable and exempt final products and cannot reasonably segregate inputs, they may take credit for duty paid on all inputs. The credit for duty on inputs used in exempt products must be debited before removing such products. The circular requests a detailed report on the implementation of these instructions from respective Collectorates.
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