https://www.taxtmi.com/caselaws?id=94174 Modvat credit reversal on common inputs used for both dutiable and exempted footwear is governed by the later Board circular when it modifies the earlier monthly-return procedure. The later instruction requires debit of credit attributable to exempted clearances before removal of exempted goods, on an actual or pro rata basis, together with the prescribed monthly statement. Because that updated circular was not before the original authority, the earlier basis could not stand without reconsideration, and the matter required fresh decision under the modified procedure. en-us Fri, 16 Jan 1998 00:00:00 +0530 Sat, 19 Nov 2011 15:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94174 Modvat credit reversal on common inputs used for both dutiable and exempted footwear is governed by the later Board circular when it modifies the earlier monthly-return procedure. The later instruction requires debit of credit attributable to exempted clearances before removal of exempted goods, on an actual or pro rata basis, together with the prescribed monthly statement. Because that updated circular was not before the original authority, the earlier basis could not stand without reconsideration, and the matter required fresh decision under the modified procedure. Case-Laws Central Excise Fri, 16 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94174