https://www.taxtmi.com/circulars?id=6523 Consolidated RG 23A Part II maintenance is a permitted procedural relaxation for Modvat credit but does not change the principle that input duty credit must be used only for final products for which those inputs were used. Where consolidated registers are maintained, assessees must submit a month end statement showing input credit availed and product wise utilisation, adjust any excess credit, and allow recovery of differential duty if credit was improperly utilised; a uniform proforma has been prescribed for this purpose. en-us Wed, 02 May 1990 00:00:00 +0530 Sat, 04 Jul 2009 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6523 Consolidated RG 23A Part II maintenance is a permitted procedural relaxation for Modvat credit but does not change the principle that input duty credit must be used only for final products for which those inputs were used. Where consolidated registers are maintained, assessees must submit a month end statement showing input credit availed and product wise utilisation, adjust any excess credit, and allow recovery of differential duty if credit was improperly utilised; a uniform proforma has been prescribed for this purpose. Circulars Central Excise Wed, 02 May 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6523