Minutes of the Monthly Modvat meeting held at Bombay on 22-4-1989 - Point No. 30 of Disallowance of Modvat credit on various types of catalysts used in the manufacture of final products
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Modvat credit allowed for catalysts used in manufacture, permitting duty credit though catalysts do not form part of final products. Duty paid on catalysts used in manufacture is eligible for Modvat credit because catalysts are indispensable inputs actually utilised in production even though they do not become part of the final products; field formations and trade are to be informed and receipt acknowledged.
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 allowed for catalysts used in manufacture, permitting duty credit though catalysts do not form part of final products.
Duty paid on catalysts used in manufacture is eligible for Modvat credit because catalysts are indispensable inputs actually utilised in production even though they do not become part of the final products; field formations and trade are to be informed and receipt acknowledged.
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