https://www.taxtmi.com/circulars?id=7645 If a DTA unit converted to an EOU/EHTP/STP has already availed Modvat credit on plant, machinery and equipment and utilised that credit for payment of duty on goods manufactured and cleared before conversion, the utilised credit need not be reversed on conversion. Any Modvat credit balance unutilised at the date of conversion lapses and cannot be used after conversion. en-us Thu, 18 Nov 1999 00:00:00 +0530 Thu, 17 Sep 2009 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7645 If a DTA unit converted to an EOU/EHTP/STP has already availed Modvat credit on plant, machinery and equipment and utilised that credit for payment of duty on goods manufactured and cleared before conversion, the utilised credit need not be reversed on conversion. Any Modvat credit balance unutilised at the date of conversion lapses and cannot be used after conversion. Circulars Customs Thu, 18 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7645