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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Modvat Credit Denied for Sand Moulds in Casting; Credit Available for Inputs if Not Fully Exempt from Excise Duty.</h1> Modvat credit is not admissible for sand moulds used as inputs in the casting process. However, credit for duty paid on inputs used to manufacture sand moulds is available if the sand moulds are not fully exempt from Central Excise duty. This modifies the previous guidance provided in Circular No. 29/88. Field formations are advised to update their practices accordingly.
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