Modvat credit on refractories denied where they become integral parts of electric arc furnace machinery, informing field and trade. Refractories used as inner lining in electric arc furnaces become an integral part of the furnace machinery and therefore are not eligible for Modvat credit under the applicable rules; this position follows prior Board instructions on refractories in the cement industry and field formations and trade are to be informed and to acknowledge receipt.
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 on refractories denied where they become integral parts of electric arc furnace machinery, informing field and trade.
Refractories used as inner lining in electric arc furnaces become an integral part of the furnace machinery and therefore are not eligible for Modvat credit under the applicable rules; this position follows prior Board instructions on refractories in the cement industry and field formations and trade are to be informed and to acknowledge receipt.
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