Modvat credit eligibility denied for listed cement-industry inputs because they constitute machinery or unrelated items. The Board concluded that items listed by cement manufacturers-including explosives, grinding media, refractories, lining plates, cooling chains, spare parts, conveyor belts, HDPE bags, diesel oil and printing ink-either are unrelated to cement manufacture or constitute plant, machinery, tools or appliances and therefore do not qualify as inputs for Modvat credit; field formations are to be informed, a trade notice issued, and receipt of these instructions acknowledged.
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 eligibility denied for listed cement-industry inputs because they constitute machinery or unrelated items.
The Board concluded that items listed by cement manufacturers-including explosives, grinding media, refractories, lining plates, cooling chains, spare parts, conveyor belts, HDPE bags, diesel oil and printing ink-either are unrelated to cement manufacture or constitute plant, machinery, tools or appliances and therefore do not qualify as inputs for Modvat credit; field formations are to be informed, a trade notice issued, and receipt of these instructions acknowledged.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
