Calcined petroleum coke/coke dust eligibilities of Modvat credit - Regarding

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..... Subject : Calcined petroleum coke/coke dust eligibilities of Modvat credit - Regarding. I am directed to refer to Board's Circular No. 4/89-CX.8, dated 21-3-1989 , wherein it was clarified that 'coke dust', among other things used in the manufacture of Iron and Steel products would be eligible for Modvat credit, and to say that representations have been received from the trade on denial of Modva .....

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..... t that it falls under Chapter 27 would render the items automatically ineligible for Modvat. However, wherever Modvat credit has already been allowed on 'coke dust', immediate action may be taken to recover the revenue by treating the issue as 'mistake of law' and compliance reported to the Board. 3. Instruction contained in Circular No. 4/89-CX.8, dated 21-3-1989 may be considered to have been m .....

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