https://www.taxtmi.com/circulars?id=7050 Modvat credit on oxygen and acetylene used exclusively as consumables in oxy acetylene torches for cutting runners and risers and for welding is not admissible because these gases are not used in or in relation to the manufacture of the finished product. Practices allowing such credit must be stopped and remedial action to recover already allowed credits should be taken. en-us Tue, 24 May 1988 00:00:00 +0530 Thu, 09 Jul 2009 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7050 Modvat credit on oxygen and acetylene used exclusively as consumables in oxy acetylene torches for cutting runners and risers and for welding is not admissible because these gases are not used in or in relation to the manufacture of the finished product. Practices allowing such credit must be stopped and remedial action to recover already allowed credits should be taken. Circulars Central Excise Tue, 24 May 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7050