https://www.taxtmi.com/circulars?id=5670 Modvat credit is admissible on transformer oil where the oil's value is included in the value of the final product and the oil is contained within the transformer at the time of clearance from the factory; transformer oil is integral to the functioning of the transformer and thus qualifies as an input under the applicable rule. en-us Wed, 22 Oct 1997 00:00:00 +0530 Fri, 13 Mar 2009 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5670 Modvat credit is admissible on transformer oil where the oil's value is included in the value of the final product and the oil is contained within the transformer at the time of clearance from the factory; transformer oil is integral to the functioning of the transformer and thus qualifies as an input under the applicable rule. Circulars Central Excise Wed, 22 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5670