https://www.taxtmi.com/circulars?id=6416 The set-off scheme exempts the final product only to the extent of excise duty equivalent to duty paid on inputs actually consumed; it does not allow accumulation of input credit. Input consumption must be adjusted on clearance using Collector approved norms, maintaining a strict one-to-one correlation between inputs and finished goods. Carrying forward set-off benefits in the RG-23A account for subsequent consignments is prohibited, and demands must be raised where set-off was permitted contrary to the exemption notification and Board instructions. en-us Wed, 17 Jul 1991 00:00:00 +0530 Fri, 03 Jul 2009 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6416 The set-off scheme exempts the final product only to the extent of excise duty equivalent to duty paid on inputs actually consumed; it does not allow accumulation of input credit. Input consumption must be adjusted on clearance using Collector approved norms, maintaining a strict one-to-one correlation between inputs and finished goods. Carrying forward set-off benefits in the RG-23A account for subsequent consignments is prohibited, and demands must be raised where set-off was permitted contrary to the exemption notification and Board instructions. Circulars Central Excise Wed, 17 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6416