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<h1>Appeal Dismissed: Modvat Credit for Explosives in Cement Manufacturing Denied</h1> The appeal against the denial of Modvat credit for explosives used in cement manufacturing was dismissed by the Tribunal based on a previous decision. - ... Modvat/Cenvat The appeal was filed against the order denying Modvat credit for explosives used in cement manufacturing. The Tribunal upheld the denial based on a previous decision, dismissing the appeal.