Admissibility of Modvat credit on inputs used in the manufacture of sand moulds - Clarification regarding

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....Admissibility of Modvat credit on inputs used in the manufacture of sand moulds - Clarification regarding Circular No. 43/88 Dated 5-9-1988 [From F. No. 261/84/1/88-CX.8 ] Government of In....

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.... inputs would not be admissible when used in the casting process. However credit of duty paid on inputs used in the manufacture of sand moulds would be available if the sand moulds are not fully exemp....