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

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....w Delhi Subject : Admissibility of Modvat credit on cut tyres and tubes - Clarification regarding. I am directed to say that doubts have been raised as to whether Modvat credit on inputs used in the manufacture of cut tyres and tubes which are specifically exempted under Notification No. 76/86-C.E., dated 10-12-1986 is permissible or not. The matter has been examined by the Board in consultatio....