Modvat credit on vehicle accessories permitted where accessories' value is included in the vehicle's assessable value. Modvat credit on duties paid for tool kits and jack assemblies is admissible when those items are supplied with motor vehicles and their value is included in the assessable value of the vehicles; prior Board instructions on the point are hereby superseded and field formations must be informed.
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Provisions expressly mentioned in the judgment/order text.
Modvat credit on vehicle accessories permitted where accessories' value is included in the vehicle's assessable value.
Modvat credit on duties paid for tool kits and jack assemblies is admissible when those items are supplied with motor vehicles and their value is included in the assessable value of the vehicles; prior Board instructions on the point are hereby superseded and field formations must be informed.
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