Reversal of Modvat credit availed in inputs used in the manufacture of exempted final products

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....vat credit availed in inputs used in the manufacture of exempted final products Consolidated maintenance of RG 23 A part -II is permitted where the inputs are used in the manufacture of exempted and dutiable final products vide Board's Circular No. 33/33/94-CX dated 04.05.1994. However, in such cases a statement has to be submitted by the assessee in the prescribed proforma showing particulars ....

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....t is debited in the RG 23 A Part -II account before the removal of exempted final product on actual or prorate (estimated) basis. 4. However, the assessee will be required to submit a statement in the proforma annexed herewith showing reversal reversal particulars to the jurisdictional Central Excise Officer at the end of the month. The Board's instructions of 33/33/94-CX dated 04.05.1994 are m....

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....t) (7)    amount of credit utilised for  payment of duty (8)      Total quantity of final product  cleared without payment of duty  (manufactured out of common input) (9)    Total credit reversed (Col. No)  5-Col. No.7) (10)          Prorate Modvat Reversal details of    ....

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....                                  (iii) Amount of credit reversed                            &....