Modvat meeting held at Hyderabad on 12-7-1990 - Point No. 4 regarding Modvat credit on dry battery cells used in the manufacture of electronic quartz clocks - regarding
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Modvat credit ineligibility for dry battery cells reaffirmed, excluding them as inputs for electronic quartz clock manufacture. Modvat credit for dry battery cells used in electronic quartz clock manufacture is inadmissible; the Board reaffirms its prior instruction treating battery cells as non-qualifying inputs for Modvat credit and directs trade and field formations to be informed and to acknowledge receipt.
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Modvat credit ineligibility for dry battery cells reaffirmed, excluding them as inputs for electronic quartz clock manufacture.
Modvat credit for dry battery cells used in electronic quartz clock manufacture is inadmissible; the Board reaffirms its prior instruction treating battery cells as non-qualifying inputs for Modvat credit and directs trade and field formations to be informed and to acknowledge receipt.
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