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of <h1>Central Board Reaffirms: Dry Battery Cells Ineligible for Modvat Credit in Quartz Clock Manufacturing, Despite Industry Appeals.</h1> The Central Board of Excise & Customs reviewed the eligibility of Modvat credit for dry battery cells used in manufacturing electronic quartz clocks, as discussed in a meeting in Hyderabad on July 12, 1990. Despite representations from trade groups that the value of these cells should qualify them for Modvat credit, the Board reaffirmed its earlier decision from December 29, 1989, which deemed battery cells ineligible for such credit. The Board's instructions remain unchanged, and relevant trade and field formations are to be informed accordingly. Acknowledgment of receipt of this communication is requested.
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