Modvat credit ineligibility - phosphoric acid for sugar purification does not qualify as an input, so credit is denied. Phosphoric acid used for purification and whitening of sugar is not regarded as an input for purposes of Modvat credit because commercial sugar can be ... Summary
Modvat credit ineligibility - phosphoric acid for sugar purification does not qualify as an input, so credit is denied.
Phosphoric acid used for purification and whitening of sugar is not regarded as an input for purposes of Modvat credit because commercial sugar can be made without it; consequently Modvat credit on phosphoric acid is not admissible, following consultation with the Deputy Chief Chemist and to be communicated to trade and field formations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.