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of <h1>Modvat Credit Allowed on Glass Bottles for Aerated Water, Regardless of Asset Status or Job Work Condition.</h1> The Central Board of Excise & Customs clarifies that Modvat credit should be allowed on glass bottles used as packaging material for aerated water, even if they are treated as fixed assets or received after job work. The denial of credit based on these grounds is not justified. The Board reiterates that duty-paid glass bottles, regardless of their classification in accounts or condition upon receipt, are eligible for Modvat credit. Procedures under Notification No. 351/86 can be extended to cover job work activities as per Notification 214/86. Field formations and trade interests are to be informed accordingly.
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