https://www.taxtmi.com/circulars?id=6496 Modvat credit is admissible on Nitrogen and Carbon Dioxide gases filled into transformer tanks to prevent moisture absorption of impregnated coils during transportation; these gases are vented at the place of use and replaced with oil. Because transformers are cleared only when filled with these gases and cannot be marketed otherwise, the gases constitute an input in relation to manufacture and are eligible for Modvat credit. The Board accepted this recommendation and directed that pending cases be decided accordingly. en-us Thu, 05 Jul 1990 00:00:00 +0530 Sat, 04 Jul 2009 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6496 Modvat credit is admissible on Nitrogen and Carbon Dioxide gases filled into transformer tanks to prevent moisture absorption of impregnated coils during transportation; these gases are vented at the place of use and replaced with oil. Because transformers are cleared only when filled with these gases and cannot be marketed otherwise, the gases constitute an input in relation to manufacture and are eligible for Modvat credit. The Board accepted this recommendation and directed that pending cases be decided accordingly. Circulars Central Excise Thu, 05 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6496