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

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....cture 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 of reversal of Modvat credit availed on inputs g....

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....val 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 modified to this effect. All pervious Circulars which are cont....