https://www.taxtmi.com/circulars?id=6911 Withdrawal of Modvat credit for aerated water requires recovery of duty on inputs unutilised as on the withdrawal date. Under Rule 57F(1) credit may be used for duty on the final product or on inputs cleared for home consumption or export as if manufactured in the factory. If credit was already applied to duty on aerated water without using the inputs, or if inputs are cleared instead of used, duty must be collected on those inputs. Recovery is to be effected through RG 23A credit balance or through the PLA. en-us Fri, 10 Jun 1988 00:00:00 +0530 Wed, 08 Jul 2009 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6911 Withdrawal of Modvat credit for aerated water requires recovery of duty on inputs unutilised as on the withdrawal date. Under Rule 57F(1) credit may be used for duty on the final product or on inputs cleared for home consumption or export as if manufactured in the factory. If credit was already applied to duty on aerated water without using the inputs, or if inputs are cleared instead of used, duty must be collected on those inputs. Recovery is to be effected through RG 23A credit balance or through the PLA. Circulars Central Excise Fri, 10 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6911