https://www.taxtmi.com/circulars?id=7139 Manufacturers who filed a declaration of intent to avail Modvat but did not pay duty on clearances or take input credit may be permitted to opt for full small scale exemption in the same financial year; past cases should be decided accordingly, provided no Modvat credit was actually availed and no duty was paid on clearances. en-us Wed, 15 Apr 1987 00:00:00 +0530 Thu, 09 Jul 2009 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7139 Manufacturers who filed a declaration of intent to avail Modvat but did not pay duty on clearances or take input credit may be permitted to opt for full small scale exemption in the same financial year; past cases should be decided accordingly, provided no Modvat credit was actually availed and no duty was paid on clearances. Circulars Central Excise Wed, 15 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7139