Modvat credit denial: phosphoric acid used in sugar purification not eligible as 'Input', prior instruction reaffirmed. The Board reaffirms that phosphoric acid used in sugar purification is not covered by the term 'Input' for Modvat and is ineligible for credit; this position, supported by consultation with the Chief Chemist, C.R.C.L., means the prior instructions in Circular No. 34/90-CX.8 (24-6-1990) will not be modified and trade and field formations are to be informed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Modvat credit denial: phosphoric acid used in sugar purification not eligible as 'Input', prior instruction reaffirmed.
The Board reaffirms that phosphoric acid used in sugar purification is not covered by the term "Input" for Modvat and is ineligible for credit; this position, supported by consultation with the Chief Chemist, C.R.C.L., means the prior instructions in Circular No. 34/90-CX.8 (24-6-1990) will not be modified and trade and field formations are to be informed.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
