https://www.taxtmi.com/circulars?id=7114 Modvat credit is not available for exempt or nil-rated final products, but where dutiable and exempt final products are produced together and inputs cannot reasonably be segregated, credit on all inputs may be allowed provided the credit attributable to exempt products is debited in the credit account before removal of those exempted final products. en-us Wed, 07 Jan 1987 00:00:00 +0530 Thu, 09 Jul 2009 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7114 Modvat credit is not available for exempt or nil-rated final products, but where dutiable and exempt final products are produced together and inputs cannot reasonably be segregated, credit on all inputs may be allowed provided the credit attributable to exempt products is debited in the credit account before removal of those exempted final products. Circulars Central Excise Wed, 07 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7114