Admissibility of credit on thinners used as diluents for paints for spray painting of excisable products - Regarding - Central Excise - 12/90-CX.8

Admissibility of credit on thinners used as diluents for paints for spray painting of excisable products - Regarding Circular No. 12/90-CX.8 Dated 5-3-1990 [From F. No. 261/32/1/90-CX.8] Government of India Central Board of Excise Customs New Delhi Subject : Admissibility of credit on thinners used as diluents for paints for spray painting of excisable products - Regarding . I am directed to draw your attention to instructions issued vide Board's Circular No. 21/89-CX.8 (F. No. 263/29/89-CX.8), dated 21-8-1989 permitting Modvat credit on thinners, used as diluents for paints, which are used for spray painting of automobiles and parts thereof. Board has decided to extend the aforesaid instructions to other excisable products also provided : (i) Thinners are used as diluents for paints which are used for spray painting of other excisable products and such other products are chargeable to duty of Central Excise. (ii) Such thinners are notified under the Modvat Scheme. The above instruction may be brought to the notice of the field formations/Trade. Receipt of this letter may be please be acknowledged.