Issue of certificates by Central Excise Officer regarding non-availment of Modvat Credit - Clarification regarding

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..../6/95-CX.6] Government of India Ministry of Finance (Department of Revenue) New Delhi Subject : Issue of certificates by Central Excise Officer regarding non-availment of Modvat Credit - Clarification regarding I am directed to refer to Board's Circular No. 116/27/95-CX issued in F. No. 209/6/95-CX.6, dated 6th April, 1995 on the above subject whereby it was clarified that the....

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....A in view of the aforementioned Board's instruction dated 6-4-1995. The Customs authorities have also refused to clear the export consignment against advance licences on the same ground. 3. The matter has been examined by the Board. To obviate the difficulty being faced by the exporters, it is further clarified that in case the Modvat credit is reversed at the end of every month (before filing ....