Denial of Modvat Credit on Transformer Oil- Regarding

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....a Ministry of Finance Department of Revenue, New Delhi Subject: Denial of Modvat Credit on Transformer Oil- Regarding 1. Representations have been received from the Trade regarding denial of Modvat....

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....r the transformer oil acts as a coolant which is vital to functioning of the transformers. 3. I am directed to say that Modvat Credit under Rule 57A of Central Excise Rules is admissible on transfor....