Modvat credit admissibility on oxygen and acetylene gases permitted for cutting and welding, overriding prior disallowance. Modvat credit on oxygen and acetylene gases used for cutting runners and risers in castings and for welding purposes is permitted; this decision, taken after technical consultation that these gases are consumables in the manufacturing process, supersedes the Board's earlier instruction disallowing such credit and requires pending cases to be decided on the basis of the revised instruction.
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 admissibility on oxygen and acetylene gases permitted for cutting and welding, overriding prior disallowance.
Modvat credit on oxygen and acetylene gases used for cutting runners and risers in castings and for welding purposes is permitted; this decision, taken after technical consultation that these gases are consumables in the manufacturing process, supersedes the Board's earlier instruction disallowing such credit and requires pending cases to be decided on the basis of the revised instruction.
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