Endorsement of transferability On Duty Free Value Based Advanced licences in, Cases where the exports have claimed the benefits of MODVAT Credit- Clarification regarding

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.... benefits of MODVAT Credit- Clarification regarding. Sir, Your kind attention is invited to Policy Circular No. 15/96-97 dated 9.9.1996.Vide paragraph 4(;) (b) of the Circular it has been provided that where MODVAT/input stage credit as been reversed after clearance of the export goods from the factory but prior to exports or after making ports, in such cases, the redemption of BG/LUT or to give....