https://www.taxtmi.com/circulars?id=5794 Consolidated maintenance of RG 23A Part II is permitted when common inputs are used for both dutiable and exempt products, provided the assessee submits a monthly statement detailing inputs, quantities of exempt and dutiable final products, and credit availment/reversal particulars. The Board permits consolidation generally but excepts situations where Modvat credit reversal is required prior to clearance under the VABAL notification and the NALCO principles, in which case prior reversal controls treatment. en-us Tue, 04 Jun 1996 00:00:00 +0530 Sat, 14 Mar 2009 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5794 Consolidated maintenance of RG 23A Part II is permitted when common inputs are used for both dutiable and exempt products, provided the assessee submits a monthly statement detailing inputs, quantities of exempt and dutiable final products, and credit availment/reversal particulars. The Board permits consolidation generally but excepts situations where Modvat credit reversal is required prior to clearance under the VABAL notification and the NALCO principles, in which case prior reversal controls treatment. Circulars Central Excise Tue, 04 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5794