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of <h1>Central Board of Excise & Customs mandates separate data for Modvat credit, effective December 1, 1986, per RG-23A Part II.</h1> The circular issued by the Central Board of Excise & Customs mandates the maintenance of separate data for Modvat credit. Specifically, it requires monthly preparation of an abstract of credits taken on RG-23A Part II, distinguishing between credits from countervailing duty paid on imports (based on Bills of Entry) and credits from Central Excise duty (based on gate passes). All Central Excise Officers must be informed of these instructions and ensure compliance starting from December 1, 1986. Acknowledgment of receipt of these instructions is requested.
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