https://www.taxtmi.com/circulars?id=6196 Modvat input credit eligibility has been clarified by designating specific textile intermediates as specified inputs or outputs so that duty credit flows through manufacturing chains. The circular lists four amendments specifying scoured and carded wool for woollen yarn, carded/combed cotton and cotton waste for spun yarn, unprocessed woollen fabrics for processed woollen fabrics, and covered rubber thread and covered spandex yarn for narrow woven fabrics, thereby removing practical obstacles to availing Modvat credit where intermediates previously were not listed. en-us Wed, 02 Nov 1994 00:00:00 +0530 Tue, 30 Jun 2009 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6196 Modvat input credit eligibility has been clarified by designating specific textile intermediates as specified inputs or outputs so that duty credit flows through manufacturing chains. The circular lists four amendments specifying scoured and carded wool for woollen yarn, carded/combed cotton and cotton waste for spun yarn, unprocessed woollen fabrics for processed woollen fabrics, and covered rubber thread and covered spandex yarn for narrow woven fabrics, thereby removing practical obstacles to availing Modvat credit where intermediates previously were not listed. Circulars Central Excise Wed, 02 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6196