Whether Modvat credit taken on duty paid inputs can be used for payment of duty on similar goods manufactured out of non duty paid inputs

Whether Modvat credit taken on duty paid inputs can be used for payment of duty on similar goods manufactured out of non duty paid inputs - Instructions regarding https://www.taxtmi.com/circulars?id=6873 Credit of duty under the Modvat scheme taken on duty-paid inputs may be utilised for payment of duty on the same final products even when those products are manufactured using non-duty paid inputs; there is no required one-to-one correlation between inputs and final products, so excess credit accumulated because input duty exceeds final product duty may be applied against duty on like finished products. en-us Mon, 08 Aug 1988 00:00:00 +0530 Wed, 08 Jul 2009 16:16:00 +0530 TaxTMI RSS Generator Whether Modvat credit taken on duty paid inputs can be used for payment of duty on similar goods manufactured out of non duty paid inputs - Instructions regarding https://www.taxtmi.com/circulars?id=6873 Credit of duty under the Modvat scheme taken on duty-paid inputs may be utilised for payment of duty on the same final products even when those products are manufactured using non-duty paid inputs; there is no required one-to-one correlation between inputs and final products, so excess credit accumulated because input duty exceeds final product duty may be applied against duty on like finished products. Circulars Central Excise Mon, 08 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6873