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of <h1>No Excise Duty on Prilled Ammonium Nitrate; Modvat Credit Allowed for Explosives Manufacturers per Central Excise Clarification.</h1> The circular addresses the levy of Central Excise Duty on prilled ammonium nitrate and the allowance of Modvat Credit for such duty. It clarifies that the conversion of ammonium nitrate melt into prilled ammonium nitrate does not constitute manufacturing under the Central Excises and Salt Act, 1944, as it does not produce new excisable goods. Consequently, no excise duty should be charged on prilled ammonium nitrate obtained from ammonium nitrate melt. The circular instructs all Central Excise Collectors to ensure compliance with this ruling, highlighting the inconsistency in assessment practices and its impact on Modvat Credit for explosives manufacturers.
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