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

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....ed in the manufacture of sand moulds - question regarding Circular No. 29/88 Dated 30-6-1988 [From F. No. 261/84/1/88-CX. 8] Government of India Ministry of Finance (Department of Revenue) Centr....

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....by the Board. It is observed that sand moulds are excisable products and form a part and parcel of the machinery used for casting. Thus these cannot be said be be inputs. Therefore Modvat credit would....