Modvat credit on labels, stickers and nameplates affirmed where affixed and their cost included in product value for credit. Labels, stickers and nameplates affixed to final products are inputs for Modvat credit because they are embedded in the product, essential to marketability and identification, and their cost is included in the product's value; Modvat credit is therefore admissible on them and pending cases should be decided accordingly.
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 on labels, stickers and nameplates affirmed where affixed and their cost included in product value for credit.
Labels, stickers and nameplates affixed to final products are inputs for Modvat credit because they are embedded in the product, essential to marketability and identification, and their cost is included in the product's value; Modvat credit is therefore admissible on them and pending cases should be decided accordingly.
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