Modvat credit admissibility: no credit for sand moulds used in casting, but input duty credit allowed if moulds not fully exempt. Modvat credit is disallowed for sand moulds when those moulds are used as inputs in the casting process. However, Modvat credit is allowable on duty paid for inputs used in the manufacture of sand moulds if the sand moulds themselves are not fully exempt from Central Excise duty; the Board's prior letter is modified to this extent.
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 admissibility: no credit for sand moulds used in casting, but input duty credit allowed if moulds not fully exempt.
Modvat credit is disallowed for sand moulds when those moulds are used as inputs in the casting process. However, Modvat credit is allowable on duty paid for inputs used in the manufacture of sand moulds if the sand moulds themselves are not fully exempt from Central Excise duty; the Board's prior letter is modified to this extent.
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