Minutes of the Monthly Modvat meeting held at Bombay on 22-4-1989 - Regarding admissibility of Modvat credit on thinners used in spray painting of Automobiles
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Modvat credit permitted for thinners used as diluents in automobile spray painting when thinners are notified under Modvat. Modvat credit is allowed for thinners used as diluents in spray painting of automobiles and parts provided those thinners are notified under the Modvat scheme; this action modifies earlier Board instructions and requires informing field formations and trade of the change.
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 permitted for thinners used as diluents in automobile spray painting when thinners are notified under Modvat.
Modvat credit is allowed for thinners used as diluents in spray painting of automobiles and parts provided those thinners are notified under the Modvat scheme; this action modifies earlier Board instructions and requires informing field formations and trade of the change.
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