Modvat credit inadmissibility: dry battery cells for quartz clocks deemed accessories, credit disallowed and recoverable. The Board determined that dry battery cells used to run quartz clocks/timepieces are operational accessories, not manufacturing inputs, and therefore Modvat credit on duty paid for such cells is not admissible; any practice permitting such credit must cease and wrongly taken credits recovered.
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Modvat credit inadmissibility: dry battery cells for quartz clocks deemed accessories, credit disallowed and recoverable.
The Board determined that dry battery cells used to run quartz clocks/timepieces are operational accessories, not manufacturing inputs, and therefore Modvat credit on duty paid for such cells is not admissible; any practice permitting such credit must cease and wrongly taken credits recovered.
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