Reversal of Modvat Credit by Exporters

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Full Text of the Document

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....Modvat Credit by Exporters. I am directed to refer to the minutes of the Principal Collectors Conference under para 3 of the DEEC scheme circulated vide Board's letter F. No. 267/9/95-CX.8, dated 13-2-1995 . 2. Some doubts have been raised whether the expression "the exporters can be permitted to reverse the credit taken in respect of inputs used in the exported finished product with referen....