https://www.taxtmi.com/circulars?id=6642 Concessional rate of excise duty under the notification is contingent on the manufacturer taking and using Modvat credit of duty paid on inputs under Rule 57A; if such credit is not admissible because inputs are exempt or non excisable, the concessional rate does not apply and audit objections on this basis are to be admitted and reflected in final assessments. en-us Thu, 16 Nov 1989 00:00:00 +0530 Sat, 04 Jul 2009 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6642 Concessional rate of excise duty under the notification is contingent on the manufacturer taking and using Modvat credit of duty paid on inputs under Rule 57A; if such credit is not admissible because inputs are exempt or non excisable, the concessional rate does not apply and audit objections on this basis are to be admitted and reflected in final assessments. Circulars Central Excise Thu, 16 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6642