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of <h1>Ministry of Finance clarifies deemed credit eligibility for ferrous and non-ferrous metals processed on a job work basis.</h1> The circular issued by the Ministry of Finance, Department of Revenue, addresses the eligibility for deemed credit on certain ferrous and non-ferrous metals received for further processing on a job work basis. It clarifies that deemed credit provisions apply exclusively to purchases of these metals and do not extend to stock transfers or similar transactions. This directive aims to ensure that the deemed credit is correctly applied within the specified parameters, maintaining clarity in its application for relevant transactions.
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