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of <h1>Manufacturers Can Simultaneously Use Modvat and Full Exemption for Aluminium Circles and Copper Winding Wires.</h1> The circular addresses issues faced by manufacturers in simultaneously utilizing the Modvat procedure and full exemption for aluminium circles and copper winding wires. Aluminium circles of varying thicknesses and copper winding wires are subject to different duty rates and exemptions under specified notifications. The Board clarifies that there is no restriction under Modvat rules or exemption notifications against availing both facilities simultaneously. Manufacturers can do so by maintaining separate accounts for dutiable and exempted products from raw material to finished stage. Past cases should be resolved based on these guidelines, and appropriate instructions should be communicated to relevant parties.
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