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<h1>CEGAT Upholds Modvat Credit for Foundry Chemicals & Fluxes as Manufacturing Inputs</h1> The Appellate Tribunal CEGAT, Mumbai dismissed the Department's appeal regarding the allowance of Modvat credit on Foundry Chemicals and Fluxes as inputs ... Modvat - Foundry Chemicals and Fluxes mixed The Appellate Tribunal CEGAT, Mumbai rejected the Department's appeal against allowing Modvat credit on Foundry Chemicals and Fluxes as inputs used in manufacturing finished products to remove impurities and provide required hardness. The appeal was dismissed as the items were deemed essential for manufacturing and the Department's contention for denial of credit was unjustified.
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