https://www.taxtmi.com/circulars?id=5696 Reversal of Modvat credit for exports under the Value Based Advance Licence requires Assistant Commissioner verification and a certificate stating that credit reversal and interest payment conform to the Board's formula; non-conforming reversals must be quantified by a Cost Accountant nominated under section 14A before certification, part reversals or part interest payments must be clearly recorded, and actual-basis revisions require Cost Accountant verification prior to issuance. en-us Thu, 26 Jun 1997 00:00:00 +0530 Fri, 13 Mar 2009 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5696 Reversal of Modvat credit for exports under the Value Based Advance Licence requires Assistant Commissioner verification and a certificate stating that credit reversal and interest payment conform to the Board's formula; non-conforming reversals must be quantified by a Cost Accountant nominated under section 14A before certification, part reversals or part interest payments must be clearly recorded, and actual-basis revisions require Cost Accountant verification prior to issuance. Circulars Central Excise Thu, 26 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5696