Eligibility of Items of inputs which are not raw materials or components for purposes of credit under Modvat Scheme - Representation regarding

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..... . 267/103/87-CX.8] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs, New Delhi Subject : Eligibility of Items of inputs which are not raw materials or components for purposes of credit under Modvat Scheme - Representation regarding. It has been represented by M/s. Tata Yodogawa Limited that the benefit of Modvat credit should be given on produc .....

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..... is is used for grinding the surface of castings for giving proper surface as per drawings and specifications. It is therefore more of a tool for processing the castings, and thus would not be entitled to Modvat credit. 3. Thermocouple tips. From its usage, it is seen that this item is used in immersion pyrometer for measuring the temperature of molten metal. Modvat credit would be admissible on .....

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..... l for removing impurities/making adjustments of compositions in steel items. This material is an essential input for manufacture of goods. Therefore it would be eligible for modvat purposes. 7. Fluorspar. This item too is charged into the furnace alongwith other raw materials for removal of impurities/adjustments of compositions. Therefore, it is an input used in relation to the manufacture of f .....

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..... ds. Modvat credit is not admissible on the same if used in maintenance of furnace or exempted moulds. However if duty is paid on moulds, modvat credit on inputs used in the manufacture of such moulds will be admissible. 11. Refractory bricks. As already clarified vide Board's F. No. 267/53/88-CX.8, dated 12-4-1988 refractory bricks can not be regarded as inputs for manufacture of iron & steel pr .....

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