Central Excise - Admissibility of Modvat credit on 'cut tyres and tubes' - Clarification regarding

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....of Excise & Customs, New Delhi Subject : Central Excise - Admissibility of Modvat credit on 'cut tyres and tubes' - Clarification regarding. Attention is invited to Board's Letter F. No. 261/40/4/87-CX.8, dated 13-5-1988 . Doubts had been raised as to whether 'cut tyres and cut tubes' would be classifiable under heading no. 40.04 of the CET as 'waste', parings and scrap of rubber and whether the....