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    <title>Modvat - Grant of refund on the inputs on which Modvat credit has been taken and subsequent variation of Modvat credit</title>
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    <description>The Board reviewed proposals to bar refunds on goods under the Modvat scheme or to shift the onus of proof to assessees claiming refunds where Modvat credit may have been taken, found both measures impracticable, and directed that the existing administrative position regarding refunds and subsequent variation of Modvat credit be maintained and communicated to field formations.</description>
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      <description>The Board reviewed proposals to bar refunds on goods under the Modvat scheme or to shift the onus of proof to assessees claiming refunds where Modvat credit may have been taken, found both measures impracticable, and directed that the existing administrative position regarding refunds and subsequent variation of Modvat credit be maintained and communicated to field formations.</description>
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      <pubDate>Tue, 06 Jun 1989 00:00:00 +0530</pubDate>
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