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of <h1>Finance Ministry Clarifies Modvat Credit: Only Ethyl Alcohol Content Eligible, Excludes Denaturant; Trade Sectors Notified.</h1> The circular from the Ministry of Finance addresses a clarification regarding a special scheme for allowing money credit on the use of ethyl alcohol in specified products. It refers to a previous clarification where money credit was allowed for specially denatured ethyl alcohol used in manufacturing under specific rules and notifications. The Board has decided that the Modvat credit facility should be limited to the ethyl alcohol content only, excluding the denaturant. Trade and field formations are advised to be informed accordingly, and acknowledgment of the circular's receipt is requested.
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