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    <title>Reversal of Modvat credit availed in inputs used in the manufacture of exempted final products</title>
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    <description>Credit of duty paid on common inputs remains admissible if the portion attributable to exempted final products is debited in the consolidated RG 23A Part II account before removal of the exempted goods on actual or prorata (estimated) basis, and the assessee files the prescribed month end statement showing reversal particulars, quantities, credit utilised, and prorata reversal details including dates and RG 23A Part II entry numbers.</description>
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      <title>Reversal of Modvat credit availed in inputs used in the manufacture of exempted final products</title>
      <link>https://www.taxtmi.com/circulars?id=5783</link>
      <description>Credit of duty paid on common inputs remains admissible if the portion attributable to exempted final products is debited in the consolidated RG 23A Part II account before removal of the exempted goods on actual or prorata (estimated) basis, and the assessee files the prescribed month end statement showing reversal particulars, quantities, credit utilised, and prorata reversal details including dates and RG 23A Part II entry numbers.</description>
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      <pubDate>Thu, 25 Jul 1996 00:00:00 +0530</pubDate>
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