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of <h1>Modvat Credit Eligibility Clarified for Graphite and Carbon Electrodes as Consumables in Steel and Aluminum Manufacturing.</h1> The circular addresses the eligibility of Modvat credit for duty paid on electrodes used in manufacturing processes. It clarifies that graphite electrodes, used in mini steel plants, are consumables and meet the criteria for inputs under Modvat Rules. Similarly, carbon electrodes used in aluminum production should also qualify for Modvat credit, despite being classified under Chapter 85, which typically categorizes them as machines. The document argues that the classification as machines is incorrect for Modvat purposes, emphasizing the role of electrodes as essential consumables in manufacturing. The circular concludes by stating that the Hindi version will be issued later.
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