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of <h1>Ministry of Finance Clarifies Ineligibility of Certain Inputs for Modvat Credit: Titanium Electrodes, Thinners, and More.</h1> The circular from the Ministry of Finance, Department of Revenue, addresses the eligibility of certain inputs for Modvat credit under Central Excise. It clarifies that titanium coated mild steel electrodes, used as cathodes and anodes in electrolysis, are considered fixed plant items and do not qualify for Modvat credit. Similarly, thinners used in spray-painting, craft paper used as inter-leaving for steel sheets, and inputs such as flushing chemicals, cutting oils, and nitrogen are also deemed ineligible for Modvat benefits. The document responds to a specific inquiry regarding these inputs.
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