https://www.taxtmi.com/circulars?id=7020 The Board clarifies that under the Modvat scheme, input-duty credit allowed by rule 57A and utilisable under rule 57F(3) may be used to discharge excise duty on final products, and assessees may elect to pay such duty either from the PLA account or by utilising Modvat credit in the RG 23A account. en-us Wed, 20 Jan 1988 00:00:00 +0530 Thu, 09 Jul 2009 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7020 The Board clarifies that under the Modvat scheme, input-duty credit allowed by rule 57A and utilisable under rule 57F(3) may be used to discharge excise duty on final products, and assessees may elect to pay such duty either from the PLA account or by utilising Modvat credit in the RG 23A account. Circulars Central Excise Wed, 20 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7020