Whether Modvat credit taken on duty paid inputs can be used for payment of duty on similar goods manufactured out of non duty paid inputs - Instructions regarding

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....tructions regarding Circular No. 37/88 Dated 8-8-1988 [From F. No. 261/72/16/87-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs, New Delhi Subject: Whether Modvat credit taken on duty paid inputs can be used for payment of duty on similar goods manufactured out of non duty paid inputs - Instructions regarding. I am d....

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....t manufactured out of the non-duty paid inputs brought under Chapter X procedure. The matter has been examined by the Board. It is observed that what Rule 57F (3) basically provides is that the credit of duty allowed in respect of any inputs may be utilised towards payment of duty on any of the final products in or in relation to the manufacture of which such inputs are intended to be used. Thi....