https://www.taxtmi.com/circulars?id=6904 Modvat credit is restricted to inputs intended for the manufacture of the specific final product; credit on parts for Black & White televisions cannot be used for colour televisions. Countervailing duty on parts imported under customs heading 98.06 may be granted as Modvat credit if those parts are classified under an appropriate Central Excise Tariff heading before assessment of the bill of entry. en-us Tue, 21 Jun 1988 00:00:00 +0530 Wed, 08 Jul 2009 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6904 Modvat credit is restricted to inputs intended for the manufacture of the specific final product; credit on parts for Black & White televisions cannot be used for colour televisions. Countervailing duty on parts imported under customs heading 98.06 may be granted as Modvat credit if those parts are classified under an appropriate Central Excise Tariff heading before assessment of the bill of entry. Circulars Central Excise Tue, 21 Jun 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6904