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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of Excise & Customs, New Delhi Subject : Central Excise - Admissibility of Modvat credit on 'cut tyres and tubes' - Clarification regarding. Attention is invited to Board's Letter F. No. 261/40/4/87-CX.8, dated 13-5-1988 . Doubts had been raised as to whether 'cut tyres and cut tubes' would be classifiable under heading no. 40.04 of the CET as 'waste', parings and scrap of rubber and whether th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... iately classifiable under Heading No. 40.04. 4. The Board also holds that since such cut tyres and cut tubes and nothing but waste and scrap, the credit of duty paid on inputs could not be denied or varied on the ground that part of the input is contained in such waste/scrap, by virtue of Rule 57D(1) of the Central Excise Rules, 1944. 5. The instructions contained in Board's F. No. 261/40/4/87-C .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X