https://www.taxtmi.com/circulars?id=6167 Assessees must immediately reverse Modvat credit taken on inputs that have been written off for stock purposes and notify the concerned Range Officers; failure to reverse or delayed reversal constitutes misuse of the Modvat scheme. Central Excise Range Officers, Audit and Preventive parties are directed to conduct timely checks and inform field formations to prevent revenue leakage. en-us Wed, 22 Feb 1995 00:00:00 +0530 Tue, 30 Jun 2009 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6167 Assessees must immediately reverse Modvat credit taken on inputs that have been written off for stock purposes and notify the concerned Range Officers; failure to reverse or delayed reversal constitutes misuse of the Modvat scheme. Central Excise Range Officers, Audit and Preventive parties are directed to conduct timely checks and inform field formations to prevent revenue leakage. Circulars Central Excise Wed, 22 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6167