Admissibility of Modvat credit on Oxygen and Acetylene gases - Regarding

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..... nd Acetylene gases - Regarding. I am directed to refer to Board's instructions issued vide Circular No. 22/88, dated 24-5-1988 disallowing Modvat credit on Oxygen and Acethylene gases when used for cutting runners and risers on castings and for welding purposes. Trade have represented that Modvat credit on Oxygen and Acetylene gases should not be denied because aforesaid gases are used as essent .....

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