https://www.taxtmi.com/circulars?id=6913 Manufacturers may opt out of the Modvat scheme during the same financial year; however, for computing the aggregate value of clearances under the applicable excise notification, values of clearances effected under Modvat in that financial year must be included. Field formations are to notify trade and acknowledge receipt of the instruction. en-us Fri, 10 Jun 1988 00:00:00 +0530 Wed, 08 Jul 2009 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6913 Manufacturers may opt out of the Modvat scheme during the same financial year; however, for computing the aggregate value of clearances under the applicable excise notification, values of clearances effected under Modvat in that financial year must be included. Field formations are to notify trade and acknowledge receipt of the instruction. Circulars Central Excise Fri, 10 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6913