https://www.taxtmi.com/circulars?id=7229 Clarification that Modvat credit is permissible for graphite and carbon electrodes used as consumable inputs in electric arc furnaces and aluminium manufacture because they satisfy the Modvat Rules' criterion of input. The circular rejects treating such electrodes as "machine" items under Section XVI Note 5 beyond the limited context of Notes 1-4, and confirms eligibility for credit even if electrodes partly or wholly form part of finished products; the same approach applies to other manufacturing electrodes. en-us Tue, 21 Oct 1986 00:00:00 +0530 Thu, 09 Jul 2009 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7229 Clarification that Modvat credit is permissible for graphite and carbon electrodes used as consumable inputs in electric arc furnaces and aluminium manufacture because they satisfy the Modvat Rules' criterion of input. The circular rejects treating such electrodes as "machine" items under Section XVI Note 5 beyond the limited context of Notes 1-4, and confirms eligibility for credit even if electrodes partly or wholly form part of finished products; the same approach applies to other manufacturing electrodes. Circulars Central Excise Tue, 21 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7229