Admissibility of Modvat credit on Acetone used in the manufacture of Acetylene - Clarification regarding

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.... Central Board of Excise & Customs, New Delhi Subject : Admissibility of Modvat credit on Acetone used in the manufacture of Acetylene - Clarification regarding I am directed to say that doubts have been raised as to whether Modvat credit would be admissible on the acetone which is used as a solvent for dissolving acetylene for transporting and marketing purposes and dissolved acetylene. 2. T....