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    <title>Endorsement of transferability On Duty Free Value Based Advanced licences in, Cases where the exports have claimed the benefits of MODVAT Credit- Clarification regarding</title>
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    <description>Exports where MODVAT/input stage credit was reversed after factory clearance may be accepted to discharge export obligation on production of a certificate from the Assistant Commissioner of Central Excise confirming reversal by the stipulated cut off and payment of interest for the period the credit was retained; this certificate is acceptable from manufacturer exporters and merchant exporters who had indicated supporting manufacturer(s) at licence issuance.</description>
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      <description>Exports where MODVAT/input stage credit was reversed after factory clearance may be accepted to discharge export obligation on production of a certificate from the Assistant Commissioner of Central Excise confirming reversal by the stipulated cut off and payment of interest for the period the credit was retained; this certificate is acceptable from manufacturer exporters and merchant exporters who had indicated supporting manufacturer(s) at licence issuance.</description>
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