https://www.taxtmi.com/circulars?id=6635 The Board determined that dry battery cells used to run quartz clocks/timepieces are operational accessories, not manufacturing inputs, and therefore Modvat credit on duty paid for such cells is not admissible; any practice permitting such credit must cease and wrongly taken credits recovered. en-us Fri, 29 Dec 1989 00:00:00 +0530 Sat, 04 Jul 2009 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6635 The Board determined that dry battery cells used to run quartz clocks/timepieces are operational accessories, not manufacturing inputs, and therefore Modvat credit on duty paid for such cells is not admissible; any practice permitting such credit must cease and wrongly taken credits recovered. Circulars Central Excise Fri, 29 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6635